New Product Development; Winner’s Guide

New Product Development; Winner’s Guide

Product Development process


You never act on a hunch in software product development because developing robust software for widespread adoption is a complex process. A large number of projects fail because they do not follow a process consistently.

That is why it is critical to follow a series of systemic steps when developing a high-quality product that overcomes challenges and meets requirements. A solid software product development process not only improves the end product’s quality but also the overall development process.

“If you fail to plan, you plan to fail,” said Benjamin Franklin.

The entire product development cycle consists of several steps, the end of one being the start of another!

SDLC for Product Development

The Software Development Life Cycle (SDLC) is a method for creating high-quality software. SDLC is a structured approach to product development. This approach is used by the top product development companies around the world.

Each stage of the product development life cycle has its own procedures and deliverables. Every software product starts with a thought. Then comes exploration, improvement, and testing.

Different stages of the product development life cycle

As stated above, software development is a step-by-step method that requires efficiency and effectiveness. Examine SDLC stages and methodologies in detail:

1. Conceptualization of an Idea

It all starts with a unique idea and validating your application idea, but it is advised to document everything! To execute any idea, it must be carefully thought out and brainstormed. Here are some questions to ask:

• Establish your objectives
• Make a list of the features that will be included in your software
• Look into other software products
• Determine how your product will stand out
• Discuss the intended audience
• Create a wireframe of the software product
• You can be analytical while writing a user story.

You won’t believe how much these simple steps can help your software product development life cycle from the start.

2. Planning and Feasibility Analysis

A feasibility analysis will assist you in determining not only the technical but also the business aspects of your software product development process. When planning your product’s roadmap, you must consider factors such as time, resources, essential tasks, estimates, and ROI, among others. A thorough analysis and planning aid in anticipating risks that may arise during the design of a software product.

3. Design

Design that says “look at this product” rather than “look at me” is a good design. Software design is an essential component of software development. User needs and business goals must be balanced throughout the SDLC for a successful product design strategy.

Your software’s product design will include prototypes and final mockups that focus on the customer. User Study, Wireframes, UI Guidelines, Efficient Workflows, and the End Goals should all be defined with user interaction and output in mind!

4. Development & Integration

This step is all about bringing your product to life! Because it is potentially the riskiest step of the SDLC, the software product development engineering team must ensure that their coding process is efficient and scalable.

The software testing team performs system continuous integration, functionality testing, system testing, and interoperability testing, as well as user acceptance testing. You must thoroughly examine the software product during this phase.

You must ensure that whatever plan you create is followed by the developed software product. Once this is completed, you will be able to integrate all of the application’s features into a single robust system.

5. Quality Assurance and Testing

Since quality is critical to the success of any software product, the quality assurance stage includes build installation, system testing, bug fixing, user acceptance testing (UAT), and the generation of test reports.

Following the completion of a release, the QA and testing phases are repeated iteratively as issues are discovered, corrected, and verified.

At the conclusion of this phase, a minimally flawed and stable product is prepared for deployment. Before approving an application for implementation, it is always prudent to allow time for UAT.

6. Implementation

The application has now been moved to production, including the transfer of data and components. However, only a few changes will be implemented in the upcoming releases. End-users and system analysts can now view, use, and experiment with the completed application.

7. Maintenance and Updates

You might now think that you have completed all SDLC methodologies? Think again! Steps in software development continue. The final stage in the product development life cycle includes updates and maintenance. Since this process begins after launch, keep in mind that customer needs change daily, making this step vital.

The product will be upgraded, maintained, polished, redesigned, and enhanced based on customer feedback and rapid IT development

The Road to Success

Lastly for SaaS development, keep in mind that your SaaS product must provide value. Its concept should correspond to the needs of your customers.

To create an appealing and functional application, ensure clear navigation, human-centered design, and don’t overburden your SaaS with unnecessary features.

Venzo Technologies, a premier SaaS product development company, understands that this process entails not only launching a visually appealing software but also building an entire SaaS product from the ground up so that customers can use it immediately after it is introduced.

Since the development stage of creating new software consumes 63 percent of the software department budget, Venzo considers lean and agile methodology processes as well as different ways of development.

With just under 40% of all software testers routinely using Selenium for testing purposes. Venzo creates the world class final product using the Selenium software testing automation software, which has multi-browser support, open-source availability, and support from various operating systems.

These are some of the many examples of the latest technologies we employ to make premium products for our clients.

Leave a Reply

Your email address will not be published. Required fields are marked *