Software development: What do you really need?

Software development is shaped by the conflict between time, money and scope. That’ s why it is also called the “project triangle”. If one pulls on one corner of the triangle, the proportions of the sides shift accordingly. For example, you can increase the scope of a new product by investing more time in its development. However, this inevitably results in an increase in development costs. It is obvious that conflicts between the target parameters can hardly be avoided. The art of product management is to identify and contain them as early as possible through appropriate measures.

The project triangle is of course also used when launching a new software product. The strategic goal is to provide the first releases with functions that are most needed by customers as quickly as possible. After all, a new product does not yet earn money during the development period, it is rather a bet on the future. The earlier a software product can prove its value to customers, the faster it will achieve the corresponding return on investment (ROI).