10 Great Ways to Evaluate your Minimum Viable Product (MVP)

10 Great Ways to Evaluate your Minimum Viable Product (MVP)

Do you know the main purpose of building Minimum Viable Product or MVP? The answer is to validate the product that you will be launching in the market.

Do you know the main purpose of building Minimum Viable Product or MVP? The answer is to validate the product that you will be launching in the market.

Many people have some misconceptions about MVP. We need to clarify that it does not indicate an unfinished product but a Minimum viable product is a means of getting the feedback for your final product.

You don’t need MVP to see whether your product can be technically improved or not, but you actually need to identify whether your product should be built in the first place or should not be built at all.

Let’s understand it with an example. Suppose you want to validate whether unmanned drones can be useful for collecting data about crops’ health. This project might seem viable technically, but there are chances that your MVP could ultimately fail. Why? Because it does not validate the business’s viability by testing company capabilities &, more importantly, the market.

Before moving further, let’s understand why you need to develop and validate MVP for your product?

Imagine that you have an idea and a perfect plan for your new business, web service, or application. You think that everything is defined, and your product has rich features that your end-users will definitely love. And the only thing remaining is the development either with an in-house developer team or external vendor. What could possibly go wrong?

Well, everything literally!

How and more specifically, why? Then, the “rich features” of a product might not be as exciting to your target users, or the backlog might be overloaded with “rich” features or the budget that is reaching the sky!

But, No worries! Validation of your MVP will save you from all these hurdles and minimize your product’s risk of failure.

mvp startup minimum-viable-product devops devops-principles saas devops-infrastructure software-development

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