What is an MVP in software development?

by Pankaj Kumar We consult, design & build digital products for yo

The blog article that explains the meaning of MVP is in the context of software development. With the fresh perspective and experiences in mind, I would like to share the lessons I've learned and provide more details about MVP-like products and ways to support them to succeed.

What NOT is an MVP in software development?

The latest question we were trying to address was what is not an MVP in software development. The first thing to note is that it is important to understand that MVP is not an actual prototype. They have the same characteristics and share some similarities, but they're distinct.

Prototypes are model that communicates the concept of your product's functionality and/or design but isn't working. Based on Venture Leap, who describes it the best way:

"It implies that the product or software doesn't have to function but it must allow developers get first feedback regarding design or UI/UX features. So, you'll be able to identify areas where users are confused while using your prototype and be sure to correct it at the next step."

A prototype could be helpful if you are trying to secure the support of an investor or stakeholder to your concept.

What is MVP in software development?

MVP used in project development and software refers to "Minimum Viable Product." This is a crucial concept every leader and entrepreneur should know before embarking on any project requiring custom software development. In reality, an MVP development can save your project time and money.

Why your project needs an MVP?

MVP can be described as a middle-point between the beginning phases of the development process and the finished product. In some ways, it's the most critical phase of development. In this stage, you'll evaluate your product on the market and with your audience and will be able to pivot as needed.

Everyone wants their custom development projects completed quicker and on budget. An MVP can help you accomplish this by removing any additional features that users haven't tried and adding in an upcoming version. This speeds up the time to market and lets your team create a product you can later develop.

It's wonderful to be able to create your product in a complete manner and to have a clear concept for any product; however, just as eating an elephant often, it's best to take only one small bite at the moment to achieve your goals. It requires all the efforts and skills to complete one, and one has to follow a complete step-by-step guide to MVP.