What is a reasonable budget for a software development project?

Learn more about how to budget for a software development initiative.

Software development projects like internal-facing web applications, mobile apps and AI applications vary in complexity based on the business needs and the vision of the primary stakeholder(s). There are not standard prices available for custom software projects.

At Red Hawk, we recommend engaging an experienced, U.S.-based, software engineering consultancy in a paid discovery engagement with deliverables that include;

- High-level backlog with defined features and user stories

- System architecture diagram

- Workflow diagram

- and a budget for development, support and maintenance over a multi-year period.

It's critical to recognize that the completion of a software development project is not the end of your investment. You'll need to budget for ongoing technical support and maintenance services, impacting your total cost of ownership. This will ensure that the asset you've invested in will not become a security liability as a result of neglect. 

If you choose to work with Red Hawk, we'd complete a discovery engagement first, and reference years worth of historic information to help you budget for support and maintenance services so that you know what your total cost of ownership will be over an extended period of time. The discovery engagement will significantly de-risk the investment, and help you make a clearly informed decision.