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A Minimum Viable Product (MVP) is a development technique where a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users. This concept helps in building products that customers actually want, reducing the time and resources spent on features that may not be necessary. It's a way to test an idea with users before investing a lot of time and money into development.
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An MVP is the skeleton of a product. For a product that might have 20 different features, this slide lets you triage which features go into the MVP. Each column from left to right dictates a user's flow. In the template example, the flow goes: customize, manage order, pay and receive order. For each part of the user journey, there are different features. List the features in order of highest priority to lowest priority. A dark blue color means this feature is needed in the walking skeleton, which is like a wireframe. The lighter color features are needed for the full MVP and can be incorporated later. The gray features are unnecessary at this stage. This prioritization helps maximize success with reduced human and financial resources spent on any feature that isn't required to validate the product as worthy of pursuit. (Slide 6)
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How can you create the best product with the least cost of failure? Use our Minimum Viable Product presentation to dedicate the right resources and de...
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