Proof of Concept Template for Software Development
                     PROOF OF CONCEPT
ATEAM SOFT SOLUTIONS
WHAT IS PROOF OF CONCEPT?
A Proof of Concept (POC) is an early-stage prototype used to
determine whether or not a software product can be made. The
intention of a POC is to evaluate the viability and feasibility of a
particular idea. A POC can facilitate the decision-making process
when examining how much money, time and resources should be invested
into a project before going into production with it.
NEED FOR PROOF OF CONCEPT
 
Proof of concept is an experimental demonstration that a new product,
service, or system satisfies the requirement. An effective proof of
concept helps to establish value for the business, user, and
marketplace. A PoC demonstrates the viability of an idea and allows
you to gain stakeholder buy-in before committing significant
resources or starting execution.
IMPORTANCE OF HAVING PROOF OF CONCEPT
 
1. Mitigating Risk - Mitigating risks is a key component of the Proof of Concept.
The best way to mitigate risks is by proposing multiple ideas that can be
tested before deciding upon a final solution.
2. Anticipating problems and solutions - You can identify potential solutions and
foresee future issues with your idea by doing a proof of concept exercise. A
proof of concept exercise can show you how your idea might function in
practice, enabling you to spot possible issues before they arise and come up
with solutions.
3. Gaining Stakeholders - The acquisition of stakeholders is a further advantage
of finishing a proof of concept. A proof of concept can demonstrate the
viability of your idea, which may draw the interest of investors and other
stakeholders. You may be able to get the resources you need to launch your
product as a result.
PROOF OF CONCEPT TIPS
 
1. Create objectives for your proof of concept
2. Develop a plan for your proof of concept
3. Evaluate the need for your proof of concept
4. Get feedback from your proof of concept team
5. Make a decision about feasibility based on your proof of concept
THANK YOU