Outsourced product development

product development

Product development is the marketization process of a new software product or service. In order to turn an idea into successful product, one should take into consideration several factors:

  • Knowledge of the needs and processes of the target market
  • Selection of suitable technology and platform
  • Methodology of the development process 
  • Testing and quality assurance
  • Cost control

The steps of the product development process are the following:

  • Documentation of the idea
  • Elaboration and testing of the concept
  • Business analysis
  • Prototype development and testing
  • Implementation
  • Marketing

Our services

Formula/400 provides the following services in product development projects:

  • Needs planning
  • Prototype planning and implementation
  • Project planning and management
  • Application development
  • Quality assurance and testing

the advantages of outsourcing

We perform the support of product development projects through involving our offshore partner, which leads to the following advantages:

  • Support of all significant technologies
  • Flexible resource capacity
  • Significant reduction of costs
  • More rapid market entry