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march, 2024

lose millions
by abandoning
one step
in development

The biggest mistake a client can make is skimping on analysis and development of a system requirements specification (SRS).
In the pursuit of savings, many adhere to the principle of "cutting everything that can be cut." We explain what you'll get if you think the same way.
What's the System Requirements Specification?
SRS is one of the most important documents containing detailed requirements and functionality for each module, component or task. A professional IT company won't undertake a project without a thoroughly developed and fully agreed-upon system requirements specification. Otherwise, everything might not go as planned.

IT Project Analysis Stage

This stage is critically important for IT project development.
Analysis development is needed to turn an idea into concrete steps for project implementation, synchronize the client's vision with the team that will work on the project.

A normal IT company won't undertake a project without a thoroughly developed and fully agreed-upon SRS. Because otherwise, problems are inevitable. Developing an SRS is an opportunity for each party to understand how the IT project development will progress. From there, it's all about technique and professionalism.

SRS Development Stages

Information Gathering and Requirements Analysis
During this stage, meetings and discussions are held with the client, end-users, business representatives, and technical experts. Data on project goals, functional requirements, constraints, as well as market analysis and competitors are collected during these meetings.
Defining Project Goals and Tasks
Based on the gathered information, the final project goals and specific tasks required for their achievement are defined. Goals should be SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
Formulating Requirements
At this stage a document is developed containing specific requirements for the project. These may include functional and non-functional requirements, technical specifications, as well as descriptions of user scenarios and interfaces.
Approval and Agreement
After developing the SRS, it is presented to the client, necessary adjustments are made and the document is approved and agreed upon with the client.
What Happens If You Skimp on SRS Development for an IT Project?
"Need to develop a new soft to manage the customer database and automate sales processes." Seems simple enough.
However, during information gathering and analysis, it turns out that things are not so straightforward. It becomes evident that compatibility with existing systems needs to be ensured, functions such as customer segmentation based on various criteria, order tracking and fulfillment, automated sending of notifications and offers to customers, as well as sales analytics for informed sales and marketing strategy decisions need to be included.

Instead of a simple task the project becomes a complex task of improving business processes and increasing company efficiency.
What Happens If All This Is Discovered During Project Development?

Increase in Workload

The need to implement additional functions significantly increases the workload for project development. This may require additional resources of time, money, and effort.

Changes in Plans and Budget

The emergence of new requirements may require a review and changes to the development plans and project budget. Additional resources may be required, or existing ones may need to be redistributed to accommodate new requirements.

Complication of Development Process

Adding new functions and requirements may complicate the development process, especially if they require integration with existing systems or solving complex technical problems.

Risk of Delay

Sudden changes in requirements may pose a risk of project deadline delays, especially if it's difficult to quickly adapt to new requirements and find optimal solutions.

Project Failure

This may lead to a decrease in product quality. You'll end up with something completely different from what you wanted.
Даже в самом, на первый взгляд, простом ИТ-проекте есть множество подводных камней, которые могут привести к огромным финансовым потерям. Команда Омега Софт умеет делать так, что проблемы в разработке не возникнут!
The Main Myth Is "Freelancers Will Do It Cheaper without development SRS"
The cost of SRS directly correlates with the quality of development. Freelancers may not even consider it as a separate job or ask for a symbolic fee. Small teams try to estimate the SRS in a way that won't scare off the client. They are willing to agree to almost any document just to get the order.
And the consequences of such an approach, as you can find above.
Even in the seemingly simplest IT project, there are numerous pitfalls that can lead to huge financial losses. The Omega team knows how to prevent development problems!

The success guarantee of your project starts with a quality SRS.

Avoid the nost popular client mistakes

Click here to find out how