Search results
Results from the WOW.Com Content Network
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 ...
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.
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.
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]
Steve Blank (born 1953) is an American entrepreneur, educator, author and speaker. [1] He created the customer development method that launched the lean startup movement. His work has influenced modern entrepreneurship through the creation of tools and processes for new ventures which differ from those used in large companies.
[6] [7] Many people interpret product-market fit as creating a so called minimum viable product that addresses and solves a problem or need that exists. Steve Blank referred to the concept of product-market fit as a step in between customer validation (step #2 in his book The Four Steps to the Epiphany) and customer creation (step #3). [8] [9] [10]
Unlike a sequential approach to product development, scrum is an iterative and incremental framework for product development. [4] Scrum allows for continuous feedback and flexibility, requiring teams to self-organize by encouraging physical co-location or close online collaboration, and mandating frequent communication among all team members.
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