How to Make Your Digital Project Profitable?

Digital Project Profitable

Today there is no doubt that the success of your project depends on several components. Obviously, one of the main components is software development. There are many services on the market today, such as Newxel, that can help you to get an extended software development team and other processes for working on a new project.

In the case of the product, success is determined by the degree of correspondence between the need identified by users and the functionality offered in response to this need. Criteria for assessing the performance of your function must be determined before putting it into production.

From a technical point of view, a successful feature is distinguished by its technical quality and maintainability. Technical quality is assessed by testing throughout the life cycle of the product. Maintainability is determined by the degree of complexity of servicing a digital solution, its changes in the long term, and their cost. These two elements are prerequisites for a successful start of production.

Finally, the “organization” criterion applies both to the production of functionality and to the project as a whole. This includes an assessment of the work of project teams. As you can see this is taking into account such factors as:

  • compliance with the delivery schedule,
  • budget control,
  • quality of communication between various stakeholders,
  • risk management when starting production.

Importance of software development for your project 

software development

Sometimes IT Development Companies produce standardized software to satisfy as many criteria as possible. It means that many features will end up being used little or not at all. It consumes a lot of resources and money and can also be frustrating, even counterproductive. When your company's activities or processes are particularly original, specific development is there to provide a complete and scalable answer.

By working with a team of developers with versatile skills, you can count on IT experts to help realize all your requests from the most classic to the most original.

The size of your project doesn't matter. From small projects to much more complex software projects, with a team of professionals like Newxel you don't have to worry about the quality of the work.

It's important for you to understand that personalized software can transform your business processes by allowing you to do things the way you want to. In addition to satisfying needs, this approach will give you a certain competitive advantage. Thus, choosing a custom software project will allow you to offer appropriate solutions to ensure continuous operation.

How do predict risks before starting development?

Before starting work, you need to carefully consider all the processes that will further affect the success of your project!

1. Determine the desired performance indicator

It is necessary to determine the performance indicators that must be controlled before production. They are required to create tracking dashboards. It also allows you to identify the data that will be collected for the submission of these dashboards. Finally, they ensure that you have put in place the technical means to collect this data.

2. Arrange production

After determining the date of production, it is important to plan in every detail the activities that will be carried out during this day. What are the steps, what are the roles and responsibilities of each at each stage, what is the exact procedure for commissioning, etc. The more detailed your answers to these questions, the better you control the risks associated with this key project moment.

3. Pay attention to technical risk control before production

Pay attention to technical risk control before production

Technical risk management saves extra workload per production day. Test the new feature first to fix the latest bugs. Also, list the technical risks that may occur during production. It could be, for example, a regression, or a serious technical problem.

Assess the level of their criticality in order to be able to suggest workarounds to fix them. In addition, he will identify the people who will make decisions to cancel production in the event of serious technical problems.

4. Help your users adapt to a new project

This step is critical to the success of your launch.  Not all users will necessarily welcome your new project. It is important to identify the arguments or questions of refractory users and offer appropriate tools to overcome their objections.  Communication campaigns, tutorials, FAQs, and contextual help. The goal is to make it easy for as many people as possible to adopt your new feature.

5. Communicate purposefully

Targeted communication activities (internal, external, users, sponsors) should be carried out regularly before production. They participate in the accompanying change process for users.

How to communicate with partners effectively?

Indeed, your detailed planning does not protect you from both technical and relational unforeseen events. Efficient and smooth production is based on two pillars:

Be responsive. It is recommended to mobilize the production team. The goal is to quickly resolve technical issues and help users take control of the new feature available to them.

Communicate regularly through specific channels. Not all stakeholders need the same level of information or the same pace of progress information. Choose the most appropriate communication methods according to your goals. Then set step points so you don't tire your sponsors under the constant stream of exchanges.

Also, don't forget to run performance monitoring of your new feature and update your digital product performance dashboards. You can compare before/after production.

Consolidating success after the production step

Consolidating success after the production step

Once a new feature goes into production, it's important to build on its adoption over time and turn that event into leverage for your project's success. How to act?

First, it is important to stabilize the digital product that has integrated this new feature. Indeed, it is necessary to conduct tests again. And this is in order to identify the latest errors, qualify them and plan for their elimination.

Then it's time to analyze the performance of the solution a few weeks or months into production. They can highlight the following improvements in the product to be implemented. Likewise, in a similar spirit of continuous improvement, we also encourage you to provide product feedback to project stakeholders. This can help you develop a better process as well as strengthen the team's commitment to the project.

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