Arguments in favor of buying
- Buying is better because developing software is not the core
business of a company.
- Can help in focus only on the core business area of an
organization.
- Setting up of labs, research team and infrastructure is
costly.
- Need more office size and building for more employees.
- Cost is high for small software and in the maintenance of
it.
- May not have expert resources and environment for software
development.
- No worry about buying and licenses of third-party
software.
Advantage in Building
- No products are available that match your needs, so the
building is better.
- Dependency on a single vendor is not there when an organization
its own team.
- The software can be built in less time and the changes in the
software can be applied quickly.
- An in-house built software team can be used to train employees
and up-gradation is less risky.
- An organization can customize its software according to its
need and capacity.
Disadvantages of buying
- Buying software from the vendor can lower the cost of the
product.
- Vendors give an overestimation and some time product misses the
deadline of the project.
- Standing a software development team is costly.
- software maintenance is costly.
Disadvantages in building
- A large infrastructure and resources needed for creating the
environment and developing software.