5 tips for maximizing ROI of IT projects

“At the end of each sprint or iteration, a minimum viable product is released, which can be used by end users. Any changes in market demands and user requirements can be considered in subsequent sprints. This approach ensures that the ROI is boosted by considering the changing demands on the IT initiative and making course corrections as per market demands,” he says.

“For instance, in the case of a mobile app built for a company’s sales representatives, the process can be split into three components — the UI/UX component, data integration, and integration with other third-party apps. As the final step for ensuring payment, integration compliance on payments must be introduced through PCI-compliant coding. This is followed by an end-to-end testing upgrading from component,” Kumar says. “If we have 30 screens for UI/UX, then in the typical waterfall delivery, the 30 UI/UX screens would be available only at the end of the project, after which the users might give feedback, which in turn might require changes to kick in further refinement in the UI/UX. As opposed to this, in agile delivery, 7 out of the 30 may be considered in one sprint delivery. At the end of that sprint, users would have a UI/UX for testing and it would be open to any changes if required instead of being there till the end of the project.”

Projects are executed — and adopted — much more effectively when users can provide feedback in iterations, Kumar says. “Consequently, the adoption of such an initiative would also be much higher and that would lead to boosting of ROI.”