By the end of the project phase you will be officially able to build a fullsatck project ….
- What is MVP?
- Why Is an MVP Important?
- SHA MVP project requirements.
What is MVP?
A minimum viable product (MVP): is a development technique in which 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.The concept of minimum viable product became widely known in 2009 when Eric Ries coined it in his book The Lean Startup.
Why Is an MVP Important?
The primary benefit of an MVP is you can gain understanding about your customers’ interest in your product without fully developing the product. The sooner you can find out whether your product will appeal to customers, the less effort and expense you spend on a product that will not succeed in the market.
This simple benefit has a lot of positive consequences:
An MVP lets you adjust your product development plan before it is too late.
It serves as a warning about any mistakes you are bound to make or as confirmation for good business decisions.
This approach saves you a great deal of time, effort, and money by optimizing the planning process and reducing risks.
A Minimum Viable Product boosts motivation because the team knows that what they do matters.
MVP development offers a unique experience of testing the product idea, which will definitely come in handy in your professional life in the future.
If you feel comfortable with the MVP concept let’s move to the next topic and start our MVP project 🥷🏻🥷🏻