M7 - 10.01.24

Minimum Viable Product - MVP

For this milestone you are required to build an MVP.

A minimum viable product (MVP) is the most pared down version of a product that can still be released, which solves the problem that you are targeting to solve. An MVP has three key characteristics:

  • enough value that people are willing to use it or buy it initially
  • demonstrates enough future benefit to retain early adopters
  • provides a feedback loop to guide future development

The assumption behind the MVP is that early adopters can see the vision or promise of the final product and provide the valuable feedback needed to guide developers forward.

Search online for more information about MVPs.

Your aim is to use it to confirm that people are willing to use / pay for your product or service. At this stage you are not looking to prove retention, thus you can go for an early prototype instead of an MVP (a prototype is more basic compared to an MVP).

Building an MVP without proper validation of the problem, solution and business feasibility (milestones M2, M5, M6) has very little value, and will be graded as such. Therefore, in case it is needed, validate more of your assumptions before proceeding to building the MVP.

Present any further validation and the MVP on the Fiki.

Motivate all aspects of the MVP! We will mostly grade the aspects for which justifications are provided.

se/project/milestones/m7.txt ยท Last modified: 2023/12/27 22:23 by emilian.radoi
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