When you’re planning to launch new software, you must first think about a Proof of Concept (PoC). Such a concept will later enable companies to make decisions backed by data and evidence. It will also help professionals ensure that the business is creating a solution that can be helpful to users.
So, in this article, we will cover more about the benefits of a Proof of Concept. As you read ahead, you will also know what influences the overall cost of the PoC, depending on what you plan to do. The article will also take you through how you can find a Proof of Concept template.
Why building a Proof of Concept is the right thing to start with software development?
As your team thinks about building a proof of concept, it can benefit the business. So, let’s check out the advantages of creating a PoC.
Helps to evaluate technical feasibility and usability
Soon after a team presents a Proof of Concept, it can help verify the product’s technical viability. Moreover, the PoC can also ensure whether the software is the best solution for certain problems. Once you have well-structured documentation for the PoC, you can decide on what path you must follow to take the product to the next level.
Aids to comprehend product limitations
A PoC can always help to test important hypotheses before your team commences with software development. On the other hand, when you decide on the path, you can understand the limitations well. While you involve all stakeholders throughout the development process, you can discuss the limitations and the risks. Eventually, the PoC can tell whether it’s worthwhile to commence with the idea.
Assesses Profitability and Certain Potentials
Once you have a PoC, you can make decisions regarding the budget and the resources you will need to develop software. Besides, your organization will also be able to confirm the budget requirements and the returns they can expect with the investment. Developing a PoC can later support why the idea will work and why individuals will consider using the software for a long period.
Helps to accelerate product launch
Whenever a team is working towards developing the PoC, it can help you present an action plan. As the PoC will help you choose the right workflow, you can always speed up the product launch. You will also be happy to mitigate possible risks later in the future. If you want to develop the best software, then the PoC will also help you make adjustments to make the software better.
What influences the Proof of Concept costs?
As you figure out the overall development cost for an application, you must know more about the constraints. These are nothing but the scope, time, technology and cost constraints. The time constraint refers to the time the developers will need to complete the project. But, when you think about the cost constraint, you will have to check the budget you will need for the PoC development.
Now, the overall cost can differ depending on the pace at which you want to develop the PoC. If you want to finish PoC development in less time, you will have to add more professionals to your team. This fact will later increase the project’s cost, and you will then have to reduce the cost elsewhere. If you think about increasing the budget for app development, the developers can also complete the project in less time. On similar lines, if you think about increasing the scope, you have to change the schedule, and you will need more funds.
When you want to develop a proof of Concept, you can think about running a survey which can cost between 500€ and 1500€ (depending on the extent of the survey, number of respondents and respondents’ profiles). Besides, you can also insist your team create a working prototype costing between 500€ and 2500€ depending on the number of screens. A bit later, you can create tests at a cost that can go from 2000€ to 3000€ or even more, depending on the profiles of respondents and the number of flows being tested.
Creating a landing page through WordPress costing anything between 500€ and 5000€ can also help. But, the development of the landing page will depend on the cost of acquisition of the target persona. Beyond these ideas, you can also create a web app with minimal features. According to its complexity, web app development will only cost you between 4000€ and 10000€ (for a basic PoC).
Where to find templates to reduce the cost of developing a PoC?
While you try to evaluate an idea’s practicability and viability, you might need a PoC Template. In those instances, you can always think about creating a PoC all by yourself. But, if you hardly have the time to create a PoC, you can check out the templates that globally recognized companies proudly offer. TechRivo is also one of the best companies that can help validate an idea through their Proof of Concept templates, which cover the Financial, Technology and Business areas of a successful PoC.
Which software development agencies can help you develop a PoC?
Today, many software development companies follow a unique approach to creating a PoC. So, let’s check these companies quickly.
As you think about whether your idea is feasible from the market perspective, you must get in touch with TechRivo for a Proof of Concept. If you’re unsure how to start, you can consider a free consultation meeting with a specialist. Apart from estimating the duration, the team will also be more than happy to define the scope for creating a PoC.
With Intel, the entire team offers a totally different approach to creating a PoC. The company has the expertise, especially when you want to build AI software or an app for image recognition. Moreover, you can use a suitable template to scale up the different capabilities in the future.
When you approach the team of Toolbox, a sample template presents a detailed explanation regarding the methodology. You can also assess the technical environment and predict the essential requirements for a system.
In addition to mobile app development, the team of Net Guru specializes in ideation and evaluating the idea later. Through the design sprint methodology, your company can always launch a better product ahead. Ultimately, the organization helps innovators to accomplish their goals with an incredible design.
There are many benefits of building a PoC before you think about developing software. As the PoC helps to evaluate the technical feasibility, it can also enable you to understand the limitations. Once you can set the right workflow, you will also be able to accelerate the software development process. But, you must consider a few constraints that can influence the PoC cost. These include the budget, scope, and cost constraints.
If you wish to develop a Proof of Concept quickly, you can think about using a free template that is available on different websites. You can also consider approaching specialists like TechRivo to validate and test an idea. While you discuss your requirements, the team will be able to assist you in defining the scope. The company will also give an idea about the time the team needs to build a Proof of Concept. As soon as you go through the website of TechRivo, you can later ask for some PoC templates.