Managing the budget is a continuous process where project managers are always looking for innovative ways to efficacious deliver the project. Improper source allocation can blow up project costs and cause budget overrun.

Some Strategies that can be used to diminish the cost are -

1. Document your requirements/make up a brief
2. Communicate well
3. Understand your target market
4. Keep your product model simple
5. Use an existing template
6. Reduce your total website pages
7. Use free stock photography or existing images
8. Reuse your existing website’s content
9. Do some website work In-House
10. Consider outsourcing
11. Know your domain and read widely
12. Set precise requirements
13. Avoid agreeing to a fixed price and fixed scope
14. Implementing DevOps and Agile practices
15. Using microservices, containers, or virtualization
16. Automate as much as possible
17. Allocate competent resources during the project initiation phase
18. Schedule highly dependent releases together
19. Splitting up monolithic release events
20. Track forecasted vs. actual spending to control project costs

Conclusion

There’s no reason for using an antiquated design that doesn’t conform to today’s norms. The prime goal of cost management is to eliminate unnecessary costs without compromising the quality of the deliverables.
By using some or all the suggestions above, you can trim down the cost of a new project.