MVP (Minimum Viable Product)

noun · project management

1.

The first functional version of a digital product containing only the essential features needed to solve the users' main problem — designed to be brought to market quickly in order to collect real feedback.

2.

A development strategy from the Lean Startup methodology that involves launching a product with the minimum viable features to validate a value proposition, measure user engagement, and iterate based on concrete data.

3.

A pragmatic approach to product creation that prioritizes rapid learning over technical perfection — enabling startups and businesses to test their market with a controlled initial investment before scaling.

See also
StartupLeanAgilityPrototype