The most important question to answer before starting product development is: Why is this product needed in the marketplace? The answers to this question constitute the business objectives of the product that should drive its entire lifecycle. A software product’s development lifecycle is comprised of four facets:
- Requirements: What features will the product have?
- Design: How will the product offer these features?
- Coding: How will the features be coded and unit tested?
- Testing and delivery: How will the product be tested and delivered to customers? These four facets are managed by a project plan that determines when the software product will offer the required features.
The Benefits of Concord Technosoft’s Iterative Methodology are the following:
- Quick feedback loop from business stakeholders to engineering back to business stakeholders
- Rapid software product conceptualization and materialization through prototyping
- Ability to refine requirements and design, and handle changes in both in the early phases of a product lifecycle
- Focus on getting the highest priority features and the highest risk features implemented as fast as possible
- Ability to validate pieces of design incrementally, providing continuous analysis and mitigating the risks