![]() MVP – Minimum Viable Product – MVP is about learning more about the ultimate product.MMF – Minimum Marketable Feature – A small, self-contained feature that can be developed quickly and that delivers significant value to the user/customer.While they all share the first word “Minimum” and all relate to the smallest increment of something, that something varies, and so we should understand the definitions. Some commonly used agile terms relating to testing increments of value include Minimum Marketable Feature (MMF), Minimum Viable Product (MVP) and Minimum Business Increment (MBI). This increased visibility and transparency, improves project communications and lowers the risk of missed requirements or delivering unsuitable products. They get to see the team’s progress and the team learns more about the project needs and any changing market conditions. Increased stakeholder involvement – by frequently demonstrating increments of the solution, we keep stakeholders engaged.In contrast, if we have a demo next week, perhaps we should get started now and have something to show for ourselves. If a project has a one-year timeline, it might feel like we have plenty of time to settle in and then start. Overcomes Student Syndrome – Student syndrome is the tendency for people to wait until near a deadline before working in earnest on the task.Early ROI – By getting some functional elements out and being used sooner, there may be opportunities to gain early value and return on investment.It also provides confirmation of designs and development processes. Early Feedback – Getting feedback from customers earlier in the process reduces rework if changes are necessary.This can be done by releasing several smaller deliveries throughout the project rather than one large one at the end. Incremental delivery is a strategy for delivering value to the customer before the project’s final release. Establishing a cadence and expectation of delivery, evaluation and accountability towards the project vision helps prevent complacency. A design concept for internal review has the same effect. ![]() It does not need to be a completed work product delivered to a customer.
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