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Prioritizing features in an MVP (Minimum Viable Product) is significant because it helps in focusing resources on developing the most important features that users actually want. This approach allows for gathering usability feedback early in the development process, which can guide further development and prevent wastage of resources on features that may not be necessary or desirable. It also helps in validating the product as worthy of pursuit with reduced human and financial resources.
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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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