Estimating the costs of web app development may seem like looking into a crystal ball - lots of fluff and no exact value. In this guide, we are breaking down the core pricing factors, which influence the final price tag. Full article - https://www.romexsoft.com/blog/develop-web-app

1. How Much Does it
Cost to Develop a
Web App?

2. PRESENTED BY
HALYNA
LEVKO
Engagement Manager,
Romexsoft

3. Estimating the costs of web app development may seem like looking
into a crystal ball - lots of fluff and no exact value. In this
presentation, we are breaking down the core pricing factors, which
influence the final price tag.

4. HOW MUCH DOES IT COST TO
CREATE A WEB APP: THREE KEY
APPROACHES

5. In general, there are three different methodologies used to predict
the probable costs of web applications development:
Based on project specifications
Based on user stories
Based on equitable value

6. Based on project specifications method
To get really precise estimates you can use the three-point estimation
technique, which implies creating three figures to represent the probable
distribution required, based on your best guesses and prior experience:
a= the best-case estimate
m= the most likely estimate
b= the worst-case estimate
A? B?
M?

7. Based on user stories
You can follow the 5-W approach and base your stories around the following
questions:
Who?
User stories are standardly paired with the agile approach to software
development as it focuses on incremental and integrative development. As
user stories are more vague than functional specification, the overall project
becomes more flexible.
When?
Where?
What?
Why?

8. Based on equitable value
Here’s a sample staff break down from a custom web application development
project:
Senior UX developer to map user experience journey and architecture
Senior UI designer to craft visual design and layouts
Junior UI to provide assistance and redundancy
Senior Front-End developer for coding and developing custom UI elements
Senior and Middle Back-end developers to code all the functionality
DevOps to establish building, testing and releasing environment
Project Manager to keep the whole project on track
Technical Support rep to maintain the project onward
what's
next?

9. Now estimate these hiring costs for each person – just tap into any public
record or salary survey data online e.g. at Glassdoor or Payscale. First add up
the salaries, next calculate all the hiring and overhead costs, which include
headhunting, interviewing, onboarding and training.
So you should now have the numbers:
Compare that to outsourcing the entire project to a web application
development company in another area or hiring a dedicated remote team.
In-house development Outsourcing
$300,000 per year $100,000 per year>
Consider
outsourcing now?

10. HOW MUCH AN AGENCY WILL
CHARGE YOU FOR A CUSTOM WEB
APP?

11. Actually, there are 3 classes of software development companies:
The “Extravagant” Class Companies
The “Moderate” Class Companies
The “Small Class” Development Companies

12. So what's so special in “extravagant” class companies?
These are the large established brands in the software development
community with a luxury office, well-paid executives.
Work only with a certain
type of clients
Characteristics
Build high-quality
products
A minimum project price
tag starts at $200.000
Developers can earn up to
six figures annually
But the overall process is far from being
nimble with a lot of extra fluff
happening around.

13. What about the “moderate” class companies?
These are the smaller companies with around 10 to 80 people in the office,
reasonable spending and streamlined operations. Depending on where in the
world they are based, their hourly development rates will fall into the $40-
$150 range.
Well organized, agile
Characteristics
Have considerable experience in design,
usability, DevOps, technology migration
Capable of proceeding faster
with the development process
Have proven track of experience in
large scale development projects
Make the best partners both
in short and long-term runs

14. Or maybe the “small class” development companies?
These are the so-called “boutique” agencies with only 2-3 permanent
employees including the company’s owner/partners. The development hourly
wages range from $35-$180 depending on their location.
If lacking proper organization and
powerful management, they are not the
most suitable choice for a large-scale
development project. But they are
perfect for SMBs and self/Kickstarter
backed up projects.

15. Then you should consider independent contractors
People who quit their desk jobs and go solo typically base their
project rate on their professional knowledge and experience, plus
additional factors like cost of living, spending habits, taxes etc.
In this case you should carefully
question the candidate and
identify whether:
Have a really tiny budget?
1. Are they doing freelance development
full-time or moonlight after their day job?
2. How many years have they been in
operations? A lot of people quit just within
a year or two, so make sure to choose
someone stable with at least 5 years of
working independently behind their belt.

16. Here are the rough estimates of what you can expect in each case in terms of
final costs:
Let's wrap it up!

17. Choosing Java as the core technology for your web app can slightly reduce the
overall project costs as the technology is 100% open source with no additional
licensing fees involved. It’s stable, robust, secure at the go-to choice at our
company.
And a tip for you!

18. T H A N K Y O U F O R Y O U R
T I M E !
W a n t t o k n o w m o r e ?
C o n t a c t u s !
i n f o @ r o m e x s o f t . c o m
r o m e x s o f t . c o m