Over the course of the last decade business owners and entrepreneurs have found themselves dealing with a set of problems that they have never had to address in the past.
If you read my previous blog on Agile Project Management and Scope Creep, you’ll note that I touched upon another project management technique known as Minimum Viable Product (MVP). Although there are many definitions of the term MVP, for the purposes of this discussion I’m referring to a product that has been built with enough features to solve the absolute basics of the problem it is trying to solve. It can be seen as an unmatured solution that will solve the problem, but will still need to be built upon. This type of ‘concept’ MVP is commonly used by start-ups to prove or refine an idea more rapidly and at a lower cost compared to building a releasable product.
Topics: Project Management