In this video by the trainer Saket Bansal, He is telling about...
What is MVP (Minimum Viable Product)
And How Does it fit in a Scaled Agile Framework
So I got this question last week and I thought of why Don't I make a video on it.
So a minimum viable product this concept became popular since the lean startup book became popular, is a minimum something development we do in order to maximize learning.
Let's start with an example, Say If I get an Idea that I want to sell flowers online and I am like excited to create a shopping cart and complete e-commerce product where people can buy the flowers online. And one of my friends raised a question that, do you really think that somebody going to buy flowers online and what if, you invest all the money and you realized this was a wrong idea.
And I deny that point in time but after I start thinking, okay. What Can I do to validate my hypothesis that people are going to buy flowers online before I invest this much time and money in creating the whole product. And here is the minimum viable product need comes up. So, If I create something which helps me to know that people are going to buy the flowers online, that's it. And that's a whole of a minimum viable product. So I may create a small blog page and I run a google ad and say okay buy flowers online. People land up on the blog page rest of the functionalities are not ready. I have a click button where people visit and click it and I count how many visitors are clicking it and if I get x number of clicks on that particular button it validates my hypothesis that there is a market
for selling flowers online if don't get x number of visitors on my particular page I get an idea this might be a wrong idea or not the appropriate time for launching this idea and I might have to change the direction.
So the idea here is to validate learning or maximize learning or validating the hypothesis is not a usable product necessarily. So I may not able to sell the flowers online using that particular blog page I need to create a new product which facilitates the whole checkout experience for selling the flowers online. So in the scaled agile framework, we talk about MVP when we look into epics the portfolio epics the business epics. Business epics are an idea which is supported by a lean business case and we want to do something significant amount of money and time investment to achieve some desired goal may be solving an existing problem or exploiting an opportunity which is visible to an organization. So when we are doing an evaluation of this epic many times it may make sense to also in=dentify what kind of an MVP can help us in validating the hypothesis early in the development of that particular epic and if we find the positive signal we may continue with our hypothesis and add more and more features to it. If we find these hypotheses are not making any sense we may change the direction. So in the scaled agile framework, it is appreciated especially for the type of epics where we are exploiting new opportunities to even identify the MVP part inside the epic and schedule those MVPs early so that we can learn and take it forward.
So minimum viable product and minimum marketable features many times used interchangeably but they are different minimum marketable feature is a set of functionalities which you want to build in the product so that your end customer can start using it.
Its like minimum thing you need in your selling flowers application so that people can buy flowers that's a minimum marketable feature. whereas the minimum viable product not necessarily be a usable product it is primarily you need to do the minimum time of investment to learn to maximize your learning related to your hypothesis and many time I would say the majority of the time you find MVP is just you build it you learn it and then you throw it away
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