Company projects aren’t easily accomplished as you have first to plan it out, divide it amongst team members, and much more. It’s quite an elaborative procedure that involves time, patience, and financial constraints in predicting its successful accomplishment. But then, to skip all of this and give the responsibility of determining the deadline and the segregation of tasks through AI, Dowork.ai is the company for you.
Dowork.ai is a company that provides project estimation services along with the entire project lifecycle estimations. Instead of sharing multiple spreadsheets, presentations, and whatnot, there is a streamlined manner of determining all the steps that is mastered by Dowork.ai. The platform ensures it takes everything into accounts, such as cost, time, segregation of tasks, and whatnot, to have a single URL, and everything is updated there. Thus, it makes everything quite simple for the project to be executed the fastest by avoiding unnecessary roadblocks. Having a detailed conversation with Mushegh Gevorgyan, the CEO and founder of Dowork technologies, venture mirror had an elaborative conversation about the company. To learn more, the interview has been illustrated below.
What is the startup / product / venture about? Give us a brief description of it.
Dowork.ai is a product company where we build a software solution for project estimations.
It’s common knowledge that in project management and especially in the sphere of software development, estimating a project is a rather difficult task. There are too many variables present and they make it especially hard to estimate a project’s scope, timeline and costs.
With Dowork.ai, any team can estimate a project right at the beginning of the project lifecycle. Teams can break down bigger projects into smaller milestones, tasks and subtasks as well as collaborate while adding their own time estimations. The platform will help calculate the costs per task and per project, understand which departments should be handling specific tasks and what other resources should be needed to complete the project successfully. Eventually, project teams can share their estimations with any stakeholder with just one click through an auto-generated public URL. The latter is editable which means every time the team makes any changes to the project, the URL will update itself – so no more back and forth communication and multiple spreadsheets!
We are planning on launching more tools that will empower Project Managers and executives to do better project estimations and keep both their clients and their teams happy.
Estimating project scope, timeline and costs has always been quite a challenging managerial task which now can be mastered with the help of Dowork.ai.
How many co-founders are there? Please introduce them and their backgrounds.
I am the only founder with 15+ years of experience in software development in leading tech companies. I am also co-founder of the media monitoring platform Rumors Monitoring actively generating leads and providing services for local and international media markets.
How did you come up with the idea? What motivated you to do this?
As a software engineer me and my teammates have always struggled with unrealistic deadlines and project estimation that was being made due to the professional expertise of PMs. Deadlines are essential for any project and business and on the other hand, unrealistic deadlines create pressure on teams, resulting in burnouts, project and revenue failure. Do you know that 66% of software projects exceed their budget and 33% miss the deadline?
So how to fix fair and reasonable deadlines? This was the question and the pain point I decided to come up with.
It’s pretty hard to come up with estimates, especially in software development. The multiple variables and dependencies make it hard to calculate a project’s timeline and costs.
This is where I and my team decided to build a software product that would help teams like ours with project estimations.
And now Dowork.ai helps to estimate numerous projects for thousands of companies worldwide.
Now we have designed a platform that comes up with accurate project estimation and the product is navigated by artificial intelligence (AI) lead solutions.
We provide an AI-powered solution that helps companies:
To better estimate projects and get near realistic estimations
Automatically track the project and alert stakeholders if something is wrong
Continuously evaluate the project success enabling stakeholders to take actions in advance and save time and money
We have already validated the idea by launching our new release on Product Hunt on May, 2021 and became the #1 product of the day.
Who is your target market? Why do you think your product will appeal to them?
Our product is for professionals who deal with projects and need accurate estimation from the beginning. Main target groups are PMs, mid and high level executives, entrepreneurs. Our solutions are unique with both usability and long term planning.
Dowork.ai was created to emphasize that explicit estimation is the first step for any project success.
For now we are focusing on the outsourcing markets and target companies from the US, with the vision to expand in the EU.
Who are your competitors? How are you different from them?
Dowork.ai is sharing the market with other companies prioritizing customer relations, usability and high efficiency of the services.
Our business model is SaaS, free packages are also available, so companies can estimate and track up to 5 projects using our free option (https://dowork.ai/pricing). For bigger companies we have a Pro option with about 150 dollars per month and for enterprises we create exclusive packages to better fit their needs.
What are the future plans with the product/startup? Any new features you are planning on?
Dowork.ai team plans to provide more AI driven solutions and tools to our customers to meet their needs and to solve the problems they face during the project estimation process. We are deploying our AI model and expanding the market share in the coming months, as well as to upgrade existing features due to the feedback and demand.
Our end vision is to create autopilot for PMs, as we plan to become Tesla in project management.