MVP (Minimum Viable Product)
Acronyms and Abbreviations
The earliest version of a product with the minimum features required to meet customer needs. MVP is released to gather user feedback and validate assumptions before further development.
In practice
In the early stages of product development, designers, developers, and project managers focus on creating a Minimum Viable Product by concentrating on essential features to quickly release a functional product, gathering user feedback, validating assumptions, and minimizing development time and costs. The MVP approach allows for rapid iteration based on real-world user interactions, leading to a more refined and market-aligned final product.
Questions
What is MVP (Minimum Viable Product)?
An MVP is the smallest version of a product that delivers real value and lets you learn whether the idea works.
Why do you use MVP (Minimum Viable Product)?
Building the full vision before testing the premise is the most expensive way to discover you were wrong.
How do you use/apply MVP (Minimum Viable Product)?
Cut scope to the single core loop, keep the quality of that loop high, and define beforehand what result would make you continue or stop.
When do you use MVP (Minimum Viable Product)?
At the start of a new product or a significant new direction.
Who uses MVP (Minimum Viable Product)?
Product teams and founders.
