In last week's meeting we discussed long and short term costs associated with build an buy scenarios using a house as an example. Take the same concepts and apply them to a software development project scenario. ie building a custom application for the business house versus buying that application and implementing it. Respond here and list out the criteria you would review to consider the decisionlabor costs long and short term, support costs etc.

Custom software designs a software package that is targeted to a particular user community and that meets an organization's specific needs. A lot of these things must be taken into account whenever making a "buy vs. create" decision for a custom software.

Purchasing a wrong program may hinder the process for your business while trying to build one can be expensive and time consuming. The study of these two methods should take into account labor costs, long-term and brief-term costs, and infrastructure costs.

The most popular purpose an organization creates or gets a custom product is that it's special to their organization and if the software is designed effectively it will improve the business' productivity and create its own competitiveness edge.

Moreover, creating a custom software requires a great upfront cost and it also takes a long time to build a proper one.

Labor costs for developing a customized product are often greater than purchasing off-the-shelf solution, as the company has to employ a software developer and build an IT team to create and manage the right software.

There would be maintenance costs in the long run but it wouldn't be as enormous as it was in the building and the process of creation. But, the more significant than cost, is the long-term benefit it brings to the business.

A specific application will improve the workflow of the company, allow the company to retain space with the rate and volume expansion, all of which would help bring financial benefits and distinguish the business from other competitors.