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Pedagogical objectives
- Identify the features that will bring the most value.
- Create a low-cost version of a solution to check that your customers/users are interested before investing further.
- Validate a strategy on a small scale before deploying it.
The program
- Identify the features that will bring the most value, and discard anything that isn't essential. If the MVP takes more than 3 months to release, it's not an MVP. The MVP is useful when there is a market risk, not when the only challenge is building the product.
- Key steps in applying the MVP approach: to create a low-cost version of a product or service, to test a strategy on a small scale before rolling it out.
- Creation of an MVP Canvas in sub-group workshops to apply the MVP approach to a real project.
When you leave this workshop, you'll know...
- Identify the features that will add the most value.
- Develop a simplified, low-cost version of your product to gauge customer interest before investing further.
- Test a strategy on a small scale to validate its effectiveness before full deployment.
And it'll come in handy for...
- MVP (Minimum Viable Product) is more than just startup jargon or expert methodology. It's an excellent method for limiting your effort in creating the value you're trying to bring to your end-users.
- It helps you build and test a first product with the right features, saving you time and money.
Extracts
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