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?