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In such competitive markets as IT, it’s important to ensure that your concept conforms with actual market needs and ergo has a strong potential to find its own place on the business map. Developed some time ago the lean methodology offered an additional stage of any new project implementation - MVP development.
Minimal Viable Product is a light version of the planned project created to test it in a real-life environment and receive the actual feedback for a solution without significant financial contributions. Unlike proof-of-concept (POC) and prototype, it should be a simplified model of a complete project.
The goal of the MVP development framework is to present the essence of the product in the functional form to define:
Such release minimizes risks that have any new product before, during and after the production. It allows establishing the background for further solution distribution, finding additional investments and starting building the client network. Some customers don’t mind to support or even adopt a product in the early stages.
According to
For MVP startup development is the prime scope of application. However, it can be used for the concept implementation, for instance, of the custom CRM for internal use and testing it in real-life conditions to ensure its workability and efficiency.
Depending on the concept, MVP cuts project time and price estimation in 5-15 times allowing adhering to established budget and deadlines set for the full product. Moreover, once the testing is complete you can adjust the initial strategy to raise its potential and cost-efficiency.
This statement is backed up by multiple success stories. Such world-famous IT solutions for different scopes like Instagram, Foursquare and Airbnb adopted this part of the lean methodology built their success on initially focusing the customer needs.
As with any project planning, it’s not all about defining the list of features and
The start in the manner I have an idea - let’s do it is stepping on the slippery path. Any concept should be backed up by thorough research to define the aspects listed below:
Simple problem definition is the basis of the full and MVP product development process. You should build a vision about an idea or a concept from the user angle. Don’t fixate on one already formulated approach when you’re answering the questions.
Who are these users? Divide the people who have the defined problem and potentially are willing to solve it with your solutions by age, lifestyle, income, etc. Since you provide a single product you should be able to attract each segment with its unique demands for it.
Learning on
Once you have a concept and its area of influence its time to specify the assignment for developers - what exactly needs to be done. To do that you should start with forming the whole picture of the product by defining:
User flow
Your product besides a primary aim also has micro goals specifying services you’ll provide with your solution. At this point, you should basically outline what steps a user should go through to achieve that goals step by step determining the project structure.
Features
Once you had a structure you should start dressing it up with features mapping the layout of user experience. Focus on the basic ones gradually widening the functionality to complete the project picture.
Priorities
Now it's time to find the form for the full project and MVP by cutting out excessive and leaving the minimal essence containing some must-have and desired features. It will allow performing required product testing in the market environment on a short-notice and without vast expenses.
When the idea is organized you can proceed to the setting of the project development by defining the stack (you can do that with the chosen contractor during a
Set resource limits for the development of MVP should be adhered strictly otherwise the process will lose its sense. That’s why you should find the alternatives in tech and set the agile workflow running to ensure a necessary efficiency.
For instance, if you plan to provide a native app than even MVP mobile development with this approach will be quite pricey, That ‘s why if possible it’s better to sacrifice the top performance to a
MVP isn’t a draft in its full meaning. This product should be well-tested to prove the workability of the concept and polished to prove its market surveillance.
Ensure that your project finds its customers and investors by providing it with platforms and events to showcase and earn the audience that will ensure the gathering of the required metrics.
Size up the level of progress to define what needs adjustment as well as the whole concept potential for financial and overall success.
The important thing to remember that the creation of a Minimum Viable Product isn't the way to build the complete project for a smaller price. Cutting down expenses on product implementation is on the list of MVP benefits. But it's achieved through more sophisticated strategic planning and not by saving on the solution quality and functionality.
If your MVP finds some appreciation you can proceed with the full version app development adjusted in accordance with feedback. Now you have some audience, new investors and a reliable tech partner - the actual ground to stand on steady enough. Based on the support and empowered by renewed motivation you can build the road to success without the high pressure of multiple risks.
Providing ready-to-use web&mobile solutions Springs is also an MVP app development company.
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