Report Details the Hidden Costs of Software Based on Real-World Examples
San Francisco, CA, October 22nd, 2014 – voke inc., a modern analyst firm focused on data and analysis for the economy of innovation, today announced the publication of its second qualitative research report on the cost of rework, Strategic Brief Report: Reducing the Cost of Rework.
Software runs modern businesses – it is a competitive differentiator and part of the brand promise. With software playing such a central role for each and every business, it is expected that the software meet customer demands and meet an expected level of quality. Despite this expectation and demand for quality, the opposite is unfortunately all too frequent. Organizations demand speed and agility without thinking of quality. This current trend of ignoring software quality brings catastrophic failures on a daily basis along with skyrocketing costs; this is the cost of rework.
“Heartbleed, Poodle, Shellshock – these are all recent, extremely dramatic examples of how costly bad software can be to businesses. While most defects will not have this wide-ranging an effect, assessing the hidden defect cost for all software projects is essential for protecting the brand and bottom line of every business” said Theresa Lanowitz, founder and analyst at voke. “The cost of rework is a real and present issue that organizations must address. Only by understanding the true financial impact that hidden defects bring to all software projects can they begin to manage the cost of rework.”
The research report highlights:
Business is differentiated through software. The cost of rework is the cost involved with removing defects. The later in the lifecycle a defect is discovered, the more expensive it is to remediate. The removal of defects earlier in the lifecycle is essential to eliminating the risk of exponential cost overruns and time-to-market delays.
The report also provides key assessment questions for organizations to explore to understand and manage the cost of rework.
ZAG Communications for voke, inc.