At the Kickoff: Project Development vs Product Development

Project Development

Simply Put: Develop a Detailed Statement of Work and Follow-Up with Its Implementation

Main Benefit: Financial Risks Shifted To the Contractor

Associated Risks: Lack of Flexibility, Higher Hourly Rates, No Participation in Team Selection

How to Mitigate the Risks: Elaboration Phase and Agreed Change Management Process

Best Fit: Small Projects with Crystal Clear Requirements

Product Development

In A Few Words: Implementation from a Bare Idea to Business Diversification

Your Benefits: Great Flexibility, Fast Time To Market, Lower Expenses

Associated Risks: Project Management

How to Mitigate the Risks: Trial Period

Best Fit: Complex Projects with a Long-Term Vision

Bottom Line

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Being a Technology & Solution Consulting company, AltexSoft co-builds technology products to help companies accelerate growth.

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