There are more pressures in businesses these days from all stakeholders looking to drive revenues and cut expenses. With the advances in more efficient business practices and technology, businesses need to see results quicker than ever before, hence the Agile development approach.
Businesses are quite simply looking for results. Generally, these results include increased productivity, highest quality, differentiation in the marketplace, lower total cost of ownership and a fast return on investment.
We translate technical language to the business stakeholders and business values to the IT stakeholders.
One of the key approaches that iCraft employs is that we start with an understanding of the business as a whole and the impact that technology will have on the business. To avoid confusion and to communicate effectively, another simple approach we take is to speak the right language for each stakeholder. iCraft takes on the role of the trusted advisor acting as the "go-between" for business and technical personnel who find they can suddenly communicate in more meaningful ways and achieve results they never before thought possible.
TCO is a calculation intended to arrive at the total effective cost of a purchase. TCO should consider:
Technology itself does not add value. Value is achieved when technology is utilized as a strategic tool to support business objectives. iCraft has the experience and expertise to help in determining the TCO for each project.
Software development is a combination of good ideas, technology and design; however those are rarely enough to get a project approved. The reality is that software development is an investment and with every investment you must calculate the risks and ensure that the cost of the project will be covered and exceeded by the revenue received from it.
Some items to consider when calculating ROI include:
iCraft serves as your strategic partner at the beginning, middle and end of a project. We can identify any gaps that may have been missed in your original ROI calculations and determine the best solution, methodologies and resource structure needed to ensure you meet your business objectives.