What is MVP software development?

“The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.” - Eric Ries

As the name suggests, MVP software development in the software development firm with minimum features to make the product viable, i.e. it fulfills the requirements such that the core functionality of the product is satisfied. Some people confuse it with the wireframe or an early proof of concept, however, it is actually the release of the original version of the product that is fit for customers with no extra frills.

Building the basic structure, testing its functionality, and delivering it successfully becomes the base for the authenticity and success of the later versions. Moreover, the final application will be based on user experience and feedback.

MVP thus helps in releasing the product in a phased manner that greatly eliminates the possibilities of failures saving cost and time. The changes based on the customers’ requirements and feedback can be incorporated through the iterative process of building, measuring, and learning ensuring to completely meet the market needs.

MVP is a concept used in Agile Project Management, also known as Lean Start-Up.