Minimum Viable Product

Definition of Minimum Viable Product

Minimum Viable Product is the bare essentials for initial product release.

Pronunciation Spelling

MIN-uh-muhm VY-uh-buhl PROD-uhkt

Example Sentence

They iterated based on MVP testing outcomes.

Significance

Agile practitioners should understand “Minimum Viable Product” (MVP) as it emphasizes delivering the core functionalities of a product with minimal features to quickly validate ideas and gather feedback. Knowing MVP aids in prioritizing essential features for initial release, reducing time-to-market, and validating assumptions while ensuring the product meets users’ needs. Understanding MVP helps teams focus on delivering value efficiently and iterating based on user feedback, crucial in agile product development to avoid unnecessary complexities and ensure successful product launches.

Additional Resources

• Mastering MVPs. Should you use MVP or MLP or MMP or MUP or MEP or MSP or MAR or MCP?
• Riskiest Assumption Test vs. MVP: What’s the Difference?
• MVP in Agile: Screw the MVP! Build Incrementally