Internet Project Analysis
Evaluation of IT project effectiveness should be carried out monthly and is an integral part of investment activity. Timely audit of an internet project allows to avoid troubles in the following cases:
- Incompetence of the investor and his representatives in matters of information technology, inability to control developers. Fear of being deceived by the technical management
- Underestimation by the technical manager of the complexity of the task being solved, and incorrect assessment of the timing and cost of development. Fear of the investor closing the project
- Lack of a clear understanding of the real cost of promoting innovative IT products. Fear of the marketer – the only one who understands the cost of entering the market – of losing their job if funding is refused
- Classic overestimation by programmers of their strengths and underestimation of real deadlines by several times. Fear of admitting that they are solving such complex problems for the first time in their lives
The consequence of the above is an unforeseen and often exponential increase in expenses when delaying product launch dates until the investor runs out of patience. Practice shows that without external control, 99% of IT projects do not live to see the launch of an advertising campaign.
Valuation of an internet project
Surprisingly, such an obvious and widely accepted tool as an expert assessment of a startup for its viability is practically never used in our country. Indeed, why not invite a team of high-class specialists with the necessary experience, but at the same time free from the fears of developers, for one day a month to find out the real state of affairs?
External control of IT project developers solves the following tasks:
• Verification of technical management expenses
• Assessment of the real cost and timeframe of the project
• Assessment of staff efficiency, recommendations for replacing specialists
• Assessment of competence and the possibility of changing technical leadership
• Development of a plan to replace the technical management of the project
• Identification of shortcomings, minimisation of development costs
• Receiving expert advice on each stage of launching a business
Evaluation of the effectiveness of IT projects
Most investors are very surprised to learn that the cost of product development can be reduced by two or three times. The arguments against cutting funding, which are given by technical managers, often turn out to be untenable in the presence of professionals like themselves.
The costs of a high-quality external audit in the field of information technology pay off not only financially, due to serious cost optimisation, but also psychologically it is pleasant to know that “everything is under control”.
A timely comprehensive assessment of an internet project includes:
• Verification of the correctness of the organisation of the production process
• Analysis of technical, legal, financial and marketing business models
• Verification of the validity of all financial expenses since the launch
• Quality assurance of the implementation of individual project elements
• Identification of ineffective and unnecessary employees, duplication of functions
• Identifying implementation errors at all levels
• Verification of ownership of the product under development in all countries
• Verification of all regulatory documents on the production process
• Regular checks of the quality of programmers’ work at the code level
• Verification of the provisions of contracts with both employees and clients
• Covert loyalty check of all employees in personal conversations on technical topics
• Loyalty checks of technical management and all personnel on a lie detector
• Control of the activities of technical managers “post-factum”
• Participation in brainstorming sessions to assess the professional suitability of management
• Issuing recommendations on working with banks and using electronic payments
• Taking over management functions, preparing for the change of technical leadership
Startup Valuation
Our Services
Dear Internet and IT project investors, this article is written specifically for you. We are proud to announce that our team includes two IT specialists who have managed IT departments and launched online startups for years. We are ready to conduct an in-depth analysis of startups in the field of information technology and jurisprudence, as well as in any other area, involving external specialists under our leadership. Contact us for a comprehensive and high-quality analysis of internet projects. We promise a positive financial result.
