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A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development. [1] [2] A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work.
A minimum viable product (MVP) is an early version of a product with only basic features. The purpose of an MVP is to help a company or development team learn what will work without investing too ...
For example, should a team have too many potential epics (i.e., high-level stories) for the next release of their product, they could use the MoSCoW method to select which epics are Must have, which Should have, and so on; the minimum viable product (or MVP) would be all those epics marked as Must have. [4]
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
The minimum viable product (MVP) is “that version of a new product which allows a team to collect the maximum amount of validated learning about customer with the least effort.” [5] [21] The startup releases the most minimal, core product to start testing early and minimize the total development process time. [5] [21]
It is positioned as a complement to the Lean Startup framework, specifically addressing the gap left by tools like the Business Model Canvas and Minimum Viable Product. [ 13 ] Stevenson et al. (2024) mention MON as one of the core tools within the lean start-up framework , alongside others like the Business Model Canvas and iterative customer ...
Instead, Ries argues that to build a great company, one must begin with the customer research and interviews, developing a minimum viable product (MVP), and iterating based on feedback. [8] [9] He also recommends the Five Whys technique to identify the main cause of problems.
MVP most commonly refers to: Most valuable player , an award, typically for the best performing player in a sport or competition Minimum viable product , a concept for feature estimating used in business and engineering