| |APRIL 20258KEY ASPECTS TO CONSIDER IN EVERY APPLICATION DEVELOPMENT PROCESSBy Rajiv Sharaf, CIO, Torrent Powern today's dynamic business landscape, time has become a deciding factor for the success/failure of every company, wherein customers expect their requirements to be met in the quickest time frame possible, while also maintaining high quality standards. As a result, by following the agile methodology, companies meet diverse business demands in the shortest time possible. Companies can ensure that their application development teams are utilizing agile methodologies by using various metrics. These metrics help organizations to measure the performance of every team member, identify TAT of each application, total applications that are being developed, number of bugs in each application, time taken to rectify those bugs and many other aspects. Measuring all these key parameters gives enterprises a clear idea of whether their application development teams are following agile methodologies or not.Budget Allocation for Application Development InitiativesIn any organization, budget is a very important activity that is done before the beginning of every financial year based on the diverse business requirements. There are two important aspects here, namely the time needed to use the developer, and the time needed to procure new system or hardware in cases of system/resources unavailability. While preparing the annual budget plans, every business leader must take into consideration all such aspects that might need the use of capital and accordingly allocate the budget for each department or function. However, one primary aspect that they must pay close attention to is to determine the TCO of these expenses over a period of five years and accordingly chart-out their budget plan in terms of CAPEX and OPEX.IHaving completed his MBA in Business Analytics from Great Lakes Institute of Management, Rajiv boasts an extensive 35+ years long career during which he has successfully held key positions across numerous companies such as Reliance Infrastructure, BSES Telecom, I2i Media and Gujarat Communications & Electronics Limited (GCEL),SAC to name a few. Some of his key areas of specialization include business analysis, sales & marketing, key account management, business intelligence, business development, customer service and client retention.CIO Speaks
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