Minimum Viable Product
A minimum viable product (MVP) is a development technique where a new product is developed with features sufficient for satisfying early adopters.
A minimum viable product (MVP) is a development technique where a new product is developed with features sufficient for satisfying early adopters. And the final set of features is developed only after the feedback has been received from those who initially tested the product. The MVP is the product’s most pared down version which can still be released.
The 3 main characteristics of MVP:
- Offers a feedback loop that guides the future development;
- Demonstrates enough future benefit for retaining early adopters; and
- Has enough value due to which people are ready to buy it or use it initially.
But this development technique has a catch; it assumes that the early adopters can see the promise or vision of the final product and offer their valuable feedback required to guide developers ahead.
With this, it is understood that this development technique is most suitable for the technically oriented products used by technical users.