A million dollar question every product manager faces, “how should I define Minimum Viable Product (MVP)?” As a PM, I always like to think about how can I design my product so that I can make it Most Valuable Product with minimum efforts?
I face following questions when I think about MVP every time:
- There is a higher bar for quality now than ever before. It means I can not compromise on quality and performance. If that is the case how should I consider quality, performance and all functional requirements in a given timeframe?
- Dictionary meaning of ‘Viable means: capable of working successfully; feasible. But what does ‘Viable’ means in MVP? Is its development cost, is it possible to build the product or is it usage by customers?
- What are the essential requirements should I consider?
- Is there a way I can capture customer feedback before I build MVP?
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Every individual in an organization has a different motivating factor. As a product manager, we deal with engineering, professional services, support, training, documentation, and QA. Thus it is crucial to comprehend common ground to understand motivating factor among people with different attitude, behavior, values, and culture. Product manager’s job is high touchpoint job, and it touches every department in the organization. Thus, I firmly believe key to the success of this role is to connect before you build and to connect before you lead.
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I have asked myself a question 2 years back, “Is it worth to spend time and money to take a Project Management Professional (PMP) exam?” I believed every project manager and PMP certified professional has asked themselves this question at some point in time in their career. It is important to go through the process of taking a complicated PMP examination and it requires a huge deal of preparation, significant amount of time and financial investment. However, as a project manager we know cost-benefit analysis plays a significant role in project budget management; similarly, cost you will be paying to take a PMP exam will reap long-term benefits and success in your career.
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