These days, everyone is talking about the need to do more with less. Challenging economic conditions have led to smaller development teams and intense pressure to shorten time to market and reduce costs. Pressure to meet legal, regulatory, internal and technical compliance requirements continues to grow and it’s difficult to keep up using only manual reviews. However, these challenges can drive companies to take shortcuts that may ultimately increase costs and result in the creation of software that’s difficult and costly to maintain, enhance or change to meet changing business needs. Companies often have trouble finding or even defining the high-value core competency assets that are driving business value in the organization. In situations like these, it’s essential to get control of and understand your assets to reduce your solution delivery costs.

Development teams sometimes turn to open source or third-party components to expedite development, but these components may not be supported in the long run or support contracts for maintenance may not be available, which means that troubleshooting problems in the future becomes next to impossible. Or, teams attempt to reduce development costs by outsourcing to a lower-cost provider. However, if the team has failed to properly store and document its assets, it can take providers weeks of initial work to search through thousands of work products scattered throughout a variety of domain-specific repositories before they find the assets they need, increasing the cost of the engagement.

In this White paper I explain how a definitive software library can be used to address these challenges and reduce costs associated with managing and using your software assets.