10 ways IT wastes money on development

Throughout my years in this industry, I have seen countless examples of inefficiencies and waste in IT. While the causes may vary, wasted money is often the direct result of a failed attempt to save money.

For example, many companies decide to outsource development projects without realizing there are always hidden fees and expenses that aren't initially obvious. Unfortunately, the true cost is often discovered only when it’s too late to change directions.

Also, many managers are “Penny wise, pound foolish.” For example, pretend you owned a construction company, and in order to save money you didn’t buy any power tools for your workers. Your attempt to “save money” would produce the opposite effect. In the same way, many companies try to “save money” and not purchase tools to help their developers work more efficiently.

These are just a couple of points made in this Techrepublic.com article entitled, “10 ways IT wastes money on development.” It’s a great read and I highly recommend it for anyone involved in development. It's important to regularly analyze your development process and eliminate any waste, especially in a bad economy.