Executive Summary
A minimum viable product (MVP) is a product with enough features to satisfy early adopters and provide valuable feedback for future development. MVPs are often used in software development to validate product ideas and get user feedback early in the development cycle.
MVPs play an important role in project management because they allow teams to:
Reduce risk by launching a product with a limited set of features
Get feedback from users early and often
Iterate and improve the product quickly based on user feedback
Get to market faster
Building an MVP
To build an MVP, teams should follow these steps:
Identify the target audience. Who are you building the product for? What are their needs and wants?
Define the core value proposition. What problem does your product solve? Why should users care about it?
Identify the minimum features required to deliver the core value proposition. What are the essential features that users need to get value from your product?
Build the...Read More