1. Size of the project
The size of the software project influences the development costs. The higher the number of features and other factors, the greater the team needed and so is the cost of offshoring. And, depending on the size of the project, the efforts and overall costs will increase accordingly.
2. Technical considerations of the project
Technical aspects, including software architecture, UI/UX designs, tools and methodology selected, third-party integrations, etc., impact the project’s cost. Ultimately, it relies on the scope of the software product or ongoing service you are looking to build.
3. Time to market
Bringing your product early to the market or giving it more time will impact your development costs.
Deadlines influence the software project in several ways. If you have an extraordinary idea but the timeframe to complete the project is shorter, it will affect the R&D, planning, and overall development. In such a case, you must hire an extended team of experienced engineers to get things done efficiently and quickly, incurring higher costs.
4. Skills and expertise of the team
Your offshore development team’s knowledge, experience, and skills directly impact the project costs. If your project is complex, you need a qualified team of senior developers, which adds to the overall project costs.
5. Additional costs
The offshore development organisations may charge extra for maintenance and support, some licences, infrastructural costs, etc. They may even charge in case the partners want some modifications. So, to avoid any ambiguity and unpleasant surprises, such factors should be clarified beforehand.
Learn more. How much does software development cost if you hire locally?
Source: https://thescalers.com/the-cost-of-offshore-software-development-everything-you-need-to-know/
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