Business Analyst: What is minimum viable product (MVP)?

MVP — smallest version that delivers value.

Purpose:

• Test assumptions.
• Get feedback.
• Reduce waste.

Types:

• Landing page — test interest.
• Concierge — manual service.
• Wizard of Oz — fake automation.
• Single feature — core value.

Example:

Benefits:

• Faster time to market.
• Lower risk.
• Learning focus.