What is MVP?

MVP (Minimum Viable Product) is the simplest version of a product that can be released to users while still providing value and allowing the team to learn from real user feedback. It includes only the core features necessary to solve the primary problem.

When to build an MVP?

MVP is ideal when testing new product ideas, validating market demand, conserving resources during development, or when you need to quickly enter a competitive market. It's particularly useful for startups and new product launches.

When might MVP not be appropriate?

MVP may not work for safety-critical systems, highly regulated industries, or when brand reputation is paramount. In these cases, a more complete solution might be necessary before launch.

What is the importance of MVP in Product Management?

MVP reduces development risk, enables faster time-to-market, validates assumptions with real users, conserves resources, and provides a foundation for iterative improvement. It's fundamental to lean product development and agile methodologies.