Expense Analysis
A crucial part of choosing the technology, with each kind of expense reviewed on its own.
Any work costs money to complete. This money is spent in two parts: one-time expenditure and recurring expenditure.
Two kinds of expenditure
One-time expenditure
A one-time expenditure is completed when work is done to satisfy a requirement.
Recurring expenditure
There are ongoing expenses for the work after it is finished, either monthly or annually.
An example
You can pay a developer a one-time fee to create a website. You also have to purchase a server to run this website, which needs to be renewed periodically.
It is very important to analyze and review many more such expenses beforehand. Everyone allocates money while doing any work. If the cost is not analyzed properly and becomes more than the allocated money, it creates a lot of difficulties.
Want a clear picture of your project costs?
I'll map out the one-time and recurring expenses before you commit any money.