Turning your idea into a mobile application and scaling it to become a million-dollar startup is very tempting. However, it is important that you do not skip the initial project discovery phase that is required to avoid mistakes that might hinder your progress in the future. For example, the applications in the market took thousands of dollars to build, and yet there is no market interest. Some businesses fail to validate the idea before going all-in with all their funds and eventually ending up as a failure. Even big brands like Google have had their share of failures, Take for example with Google glasses.
At Reman Technologies we come across hundreds of ideas every month, with entrepreneurs who directly want to build the application instead of putting in the time and research required to validate the startup idea. Our business analysts have discovered that applications that have a proper project discovery face come out way more successful than the ones that don’t. Understanding project discovery is crucial if you want to build a successful startup. in this article, I would like to tell you about what project discovery is, why it is essential if you are building your start-up using remote teams, and how it can help save you from all sorts of hassles like financial management, operations management, or building your own culture.
What is project discovery?
At remain technologies, we use project discovery as a process for initial research which takes off before your project moves into the development phase. This phase helps us identify the target audience, understand their pain points, and build solutions that are aligned with your business model. based on the feedback we receive by collecting data about your users, we can clearly understand and define how to match the expectations of your users I’m building a product that is better than your competitors. in short, the project discovery phase is how we use a data-driven approach to building your mobile application.
Importance of project discovery phase
Simply speaking, by going through successful project discovery, weekend use data do not only validates the product idea but also avoids making vague assumptions based on an emotional standpoint of your idea. With the help of our business analysts, we can define the target audience, understand and explore the vision and Better Business goals for your startup.
The discovery stage is also an excellent way to understand and saw problems with the help of your idea. By talking to users you can turn valuable input into value-added features. With a clear understanding of what we are building, we can define proper milestones and rearrange development in such a way that we get to achieve lower development costs.
How to conduct project discovery – our approach
We have deeply integrated the project discovery phase with our mobile app development process. When starting with a new idea, it is crucial to building a comprehensive business model so that you can leverage it for a viable revenue stream. We follow a streamlined five-step project discovery process that helps our clients better understand their project idea, and our business analysts suggest visible changes according to current industry trends and platform requirements to put it into action. Here are the five stages of project discovery we follow for all our development requirements. Until the business analysis is complete, we don’t any fees, which also includes our 14-day free trial.
Stages of Project Discovery Phase
Define stakeholders – Defining your stakeholders is one of the most important parts of the discovery phase of your mobile app development process. Your stakeholders include product, administrators, the end-users who are going to use your product, developers, investors add he might be interested in building your product. Make the best of the project discovery phase by asking the right questions.
1. Talk to stakeholders
your vision of the finished product will help you define how you be able to pass through the discovery phase of the process the involvement of speak windows will help that all the requirements of your project development are met and no-lose ends from many perspectives left to be resolved.
2. Review and research internal documentation
if you have already gone through marketing service and user interviews, chances are you will not have to spend more time on the discovery phase of the process. Just pass on the necessary research and documentation to the business analysts and study the requirements from all the possible scenarios concerning the growth of your startup
3. Research competition analyze data and development SRS
Market research helps us understand the changes we need to make in our research and business model based on the existing solution. With the help of market and competition research, we can define what your users are actually looking forward to in your product and how the product will stack up against your competitor in the long run.
4. Create an estimation of budget who build a timeline
Once your stockholders are satisfied with the research and prototype, the business analyst will assess the money and time needed to implement the idea and build your product. Of course, until this stage, you are completely risk-free, and you transfer payment once you are ready to start the final design and development.
The technical understanding from project discovery leads to system requirements specification which is a document necessary for project development. It includes researched analysis about the essential features of your project, important KPIs, and measures deliverables, and many other things.
The project discovery phase can last from one week to two months pending on that defined timeframe. The cost of the first print which often lasts about two weeks is based on early rates for the amount of time spent in project discovery.
This is the phase where your team requires constant input. Each meeting can last up to 1 to 2 hours and it helps the teams achieve a better understanding of your project. Once you cross this phase, most of the work is done by updating you about the project progress. You give your inputs on the way, but the majority of the information that you want to give the teams about your project is given away during the project discovery phase. Output from the Project Discovery stage should look something like this:
System requirements specification that describe the core details about your project, including the core features, technology stack choices, and overview of architecture. You will need to study and approve it for the project phase to move ahead.
Prototype of your app’s user experience- before a developer starts working on your project idea, the UX design team, project managers, and stake owners in your idea will come together to build a working prototype of your application. With the help of the SRS document, you will have a clear understanding of how your applications flow will be defined and what the end application user interface could look like stop
the nation and development plan for your minimum viable product (MVP) – The team will suggest an accurate timeline for the development and share the budget estimates with you. The number is based on the discovery phase, prototype, and SRS document, which are likely to ruin your business goals.
Project Discovery Phase Checklist
A project discovery checklist is what we will send you to ensure that we have all the details and data to research your project before we start executing on the design and development.
Primary Client Goals
The primary goals help us define the main goals you plan to pursue with your product. It helps us define the target audience, create a base of existing research and marketing materials, and offer viable reasons for the change in the business plan.
Current offering in the market
this is a list of references and existing products that you are building upon. We get to understand the products and services, existing buying habits, possible customer base, where they are, and what they do.
Includes online and offline research that is collected from industry research publications, subscriptions, and white papers.
Primary and secondary competition, how their products look and feel, and how your idea improves on the competition.
The demography of your target audience, user behavioral flow, their understanding of the market, and their product user experience.
Current solution analysis
This includes tests in usability, customer feedback, content audits, what technology stack will be used, and the feature set for further analysis.
Technology Stack requirements
This check what system requirements and specification you need to build you product which is defined based on your list of features, solutions you plan to offer.
Additional industry-specific data that have a more in-depth understanding of what the market requires and how you plan to offer it.
So, this is. This is how we define and take your business idea further. Of course, the product discovery stage of your business is completely free of cost, and you only start paying once you hire the design and development team for your product. The business analysis that comes from the discovery phase is completely free, and all documentation is covered under a formal non-disclosure agreement which binds us to keep your idea safe and secure.
Get in touch with us to know more about how we can take your project in the right direction.