When defining ROI for a project, we must ensure that the changes we make are a step in the right direction. In some situations, adding a feature or even a new solution is a step backward. We can run into this when there is shiny new technology or some buzzword we hear and decide to embrace. These projects are more about “keeping up with the Joneses” than improving our bottom line. That may seem simple to avoid. However, it is …
We can have an incredible vision for a product and then fall short due to additional requirements. Industry requirements or regulations burden our solution and can even make it unviable. Likewise, these are often constraints on our solution that cannot be avoided or ignored. They might add to the cost and force the design to be done in a way that would not be our first choice. Therefore, we need to list any such requirements from the start and provide …
This question is one of the primary ones to answer for any project or endeavor. Your budget is a crucial constraint and a guide to building the perfect solution for you. Of course, we all want a good deal and are happy to have our needs met for a lower cost than we expect. However, we also go into a project with an idea of what the solution is worth. That means we would be better off spending our budget …
