What Are the 6 Ps of Software Development?
In this article, we will discuss the 6 significant Ps of software development which goes a long way in supporting businesses in reaching the next-gen level.
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It is not enough to be a creator of a disruptive and innovative software product or service. It is equally important that it assists you to earn enormous revenues. This is what is achieved utilizing software development services.
You will be surprised that approximately out of 30,000 newly launched products, 95 % observe failure every year. It is thus vital to be open to continuous innovation. The same will go a long way in helping you become a business mogul in a short duration of time.
If you possess the ability to give your best in technological innovation, then you are slated to become one of the most successful software companies. To help you in achieving this feat success, I present this article to you. It contains the 6 significant Ps of software development which goes a long way in supporting businesses in reaching the next-gen level.
Look at this image first before I present you with a clear understanding of these 6 Ps.
Observing this image, you may have gotten a little knowledge of the 6 Ps, namely, product management, product architecture, project management, product development, and finally, product support and maintenance.
The Six Major P’s of Software Development
1. Product Management
In short, if I have to describe product management, it is an organizational function guiding every stage of a product's lifecycle. It starts from the development phase, goes towards the positioning phase, and ends at the pricing phase. The same places prime focus on two main areas, product and customers.
It involves the processes that are listed below. One, business justification. Two, planning. Three, verification. Four, forecasting. Five, pricing. Six, product launch. And, last, market the product/products.
Look at the image below.
Observing the image above, you can understand the different methods employed during the process, such as market analysis, company analysis, and so on. Having an idea about the first stage of this process, let me support you in understanding the second stage now.
2. Product Architecture
It is the organization or assimilation of the functional elements present within a product. It includes the method that these chunks employ to interact with one another.
Known as one of the most significant phases of software development, it has an essential role in tasks such as designing, making, selling, using, and repairing a new product offering. It involves understanding the product vision and business needs to define product requirements and product architectural solutions seamlessly.
Let us now delve deeper into the third stage of software development.
Following the two main stages of software development, product management and architecture, we have the third stage, project management.
3. Project Management
The same mainly revolves around planning, scheduling, budgeting, execution, and delivery of software, apart from ensuring the successful completion of software projects and overseeing the performance of work done by different people across the project.
Have a look at this image to understand the same in a more precise way.
Looking at this image, you can understand the different phases of project management, including planning, execution, monitoring, and control. Having now an understanding of the third stage of software development, let us look into the fourth stage of software development, product development.
4. Product Development
This image presents you with the following six stages of software product development, which include:
- Ideation, conceptualization, and analysis
- Product architecture
- Quality assurance
- Training and transfer
- And sustainable product engineering
The same has the following advantages to offer:
- Better product quality
- Better communication
- Better resource usage
- Quick identification of errors and their resolution
- More accurate estimates
- Enhanced and efficient project control
- Risk minimization
- Process transparency
These benefits support the phase-in giving it a name as being one of the most critical stages of software development after product architecture. After this stage, I present the next main stage of software development, product support, and maintenance.
5. Product Support and Maintenance
After product architecture and product development, another critical software development stage is product support and maintenance. It supports businesses to provide an altogether seamless and high-performing experience of their solution to their customers. The same involves the creation of an accurate plan during the primary development cycle itself to modify and update software applications after delivery to rectify any possible errors that may be present in the solution to enhance its overall performance. It helps the solution to be free of any form of discrepancies.
After this stage, we come to the final one: the process for continuous innovation.
6. Process for Continuous Innovation
Talking about this stage, the same involves the usage of modest and radical revolutionary improvements in processes, product designs, services, and technologies. It supports bringing about constant product innovation.
The same has a plethora of advantages to offer, some of which are listed below:
- Enhanced product quality
- Improved productivity and agility
- Decreased cost and waste
- Enhanced employee satisfaction and teamwork
- Increased customer satisfaction
However, it is essential to understand the steps that one needs to follow for achieving these benefits. So here are the same listed below:
- Idea generation and mobilization
- Advocacy and screening
- Experimentation and commercialization
- Diffusion and implementation
Since the stages involve the adaption of agile principles and Scrum practices, it goes without saying that it will help you stay ahead in the rat race. Worth mentioning is the fact that these phases, in fact, have a huge role to play in accelerating the process of software development. Being interlinked to another, they help in making the product quality exceptionally enhanced, thereby supporting it in increasing customer satisfaction as well by a huge margin.
It additionally has a huge role to play in creating an organization that is open to innovation at a continuous phase. Also, with the percentage of employee satisfaction going up, you can be assured that all in all the productivity rate and agility rate also goes up by a huge margin which helps you as a business to remain a relevant name in the market.
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