1. Application Objective:
Application objective is the actual reason why the application is being developed. It is very important to have a clear objective in mind for making the application so that the team and people involved are focused and aligned in that direction and avoid wasting effort in creating un-necessary features.
2. Feature List:
This is the next step after deciding on the Application Objective. Depending upon on the application objective, you decide on the important functionalities you want to have in the application to achieve the objective. Deciding limited but all-important features is important as that will save a lot of un-necessary development time and cost and will also refrain bombarding un-necessary features to the users.
3. Market and Gap Analysis:
This is one of the important steps to making a successful application. Market research helps you to understand the good as well as bad offerings by the competition. Good offerings are the ones which you cannot miss to have in your application, and bad/missing features are the opportunities to distinguish your app from the competition.