What is an MVP (Minimum Viable Product)?
What is an MVP?
What is an MVP? It is a Minimum Viable Product. The idea behind MVP in iterative development is creating a “rough version of a product” with the express purpose of getting feedback on it.
What Does MVP Stands For
Minimum: a basic set of features and capabilities which...
Viable: provides a value to the customers, and...
Product: ready to use today.
According to Megan Torrance, chief energy officer at Torrance Learning,
“The goal is to get a simple version of the solution out into the hands of the users to make sure that you’re on the right track and identify the highest-priority things to do next”
Noted Benefits of MVP concept in Iterative process :
- It’s easier to make changes to an early “draft” than to a finished product.
- Problems and needed changes are identified “before you’ve burned all your budget and timeline developing the ‘perfect’ finished product.”