February 11, 2015 - Comments Off on Minimum Viable Product (MVP)

Minimum Viable Product (MVP)

Word: Minimum Viable Product (MVP)

Definition: The smallest experiment that either proves or disproves assumptions about a business idea.

Thought: The MVP it is commonly misunderstand to mean the minimum feature set needed to create a working product. In that case, it might be better to use the MoSCoW Method instead which is created to facilitate feature prioritization.

Reference: The term minimum viable product was coined by SyncDev CEO Frank Robinson and later popularized by IMVU founder Eric Ries. For a deeper look on this topic the article "Putting the VP into MVP" on UX Booth is a great place to start.

Published by: hratkin in ideation/creation, product management

Comments are closed.