HKSM
minimum viable product (MVP)
An approach to set the scope of the first customer release by choosing the smallest set of features or requirements that still delivers meaningful value.
Key Points
- Defines what goes into the very first release to customers.
- Includes only essential, value-adding features; defers nice-to-have items.
- Enables quick feedback to validate assumptions and guide future work.
- Helps balance scope, time, and budget by limiting initial functionality.
Example
A team building a ride-sharing app launches an MVP with account creation, pickup requests, driver matching, and payments. Features like driver ratings, route sharing, and promo codes are postponed for later iterations based on user feedback.
PMP Example Question
Which statement best describes a minimum viable product (MVP)?
- A complete set of features required for the product's long-term roadmap.
- The smallest feature set that delivers value to customers in the first release.
- An internal prototype built only to test technical feasibility with no customer value.
- A business case document that justifies funding for the entire product.
Correct Answer: B — The smallest value-delivering feature set for the first customer release
Explanation: An MVP focuses on the least amount of functionality that still provides real value to customers, enabling early release and feedback.
