The cost of custom software is difficult to
calculate. License fees, labor, market timing and
forgone opportunities are a few of the
numerous inputs to the exciting challenge
of putting a price tag on your investment.
What is your desired ROI for your applications? How much, and
at what times, will you need to invest cash into your project?
Should you buy or build?
Putting numbers to software is a detailed process. Calculating
the amount of cash required (along with its distribution periods),
timeframe until profitability, dependencies and ROI will
provide your decision makers with a strong set of data to
create an IT strategy that will best suit your vision and goals.
At GDI, we typically use software cost modeling methods such as
the Incremental Funding Method (IFM) to calculate the planned,
perceived and actualized value of your IT applications.
Contact a GDI today to discuss your needs.