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A methodological approach to developing a minimum viable product.
The Minimum Viable Product (MVP) is a concept for quickly launching products with the minimally necessary features. It allows companies to obtain early feedback from users before investing more comprehensive development resources.
Ratio of accepted to total users tested.
Average time required to develop the MVP.
Number of iterations required to improve the product.
An online shop started with an MVP that included only basic functions like product selection and payment process.
A social media app launched a stripped-down version to gather user feedback on the interface.
A fitness app tested its core functionality with an MVP that allowed for training planning.
Define target audience.
Identify core features.
Develop and test MVP.