Karteikarten
Minimum Viable Product (MVP)
Karten in diesem Stapel (9)
- 1What is the purpose of Minimum Viable Product? (MVP)MVP is used to avoid costs & risks associated with creating the wrong product.
- 2MVP tests a _________ MVP reduces _______ MVP increases ________1. hypothesis
2. waste
3. speed of delivery to customers for adoption & feedback - 3What is a MVP?A minimum set of features/requirements to deliver value to stakeholders in the shortest amount of time.
- 4MVP satisfies _______ adopters in the ________amount of time possible.1. early
2. shortest - 5What can be created once feedback is received from early adopters on the MVP?Further set of features
- 6MVP follows 3 general steps. What are they?1. Determine the problem to be solved (identify hypothesis to be tested)
2. Identify the minimum set of features to test hypothesis
3. Analyse the feedback & learning gained from stakeholders (do any additional features need to be added to increase adoption?) - 7Elements of MVP?1. Who are the target audience?
2. Hypothesis/goal to test?
3. What mechanism used to measure learning?
4. Select the minimum amount of requirements to be delivered - 8STRENGTHS of MVP?- Less expensive than developing a product with more robust features
- Reduces cost & risk associated with creating the wrong product due to feedback & learning
- Avoids risk of building products customers don't want
- Tests actual usage scenarios rather than relying on market research - 9WEAKNESSES of MVP?- Advanced market analysis is needed to identify the minimum set of features
- No formula to success and features are still a 'best guess'
- Is it merely a testing of a hypothesis rather than creating an actual MVP?
Informationen
- Beschreibung
- IIBA Business Analysis Agile Business Analysis (Agile BA Techniques - Product Management/Refinement) Karteikarten am Minimum Viable Product (MVP), erstellt von Charlotte P am 14/10/2021.
- Erstellt von
- Charlotte P
- Aufrufe
- 15
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