In this video tutorial Angela defines minimum viable product, or MVP. She also shares what the agile product owner’s role in MVP is throughout the project, and what a good MVP means to the product and a successful project. This video discusses related terms to MVP and looks at the concept of minimum value thinking overall.
- [Voiceover] You've probably heard the term MVP…in an Agile context and we're not talking about…most valuable player.…MVP in Agile stands for Minimum Viable Product.…It's the version of a product that balances cost,…risk and value.…It's a term that is thrown around a lot…and yet, few really understand.…Minimum Viable Product is about making sure…we do not over-engineer a product…and find out later it's not what was needed.…
Or under-engineer a product and discover…it was too little, too late.…It's about learning quickly and satisfying early adopters.…It's about deploying just enough, quickly enough…to confirm the product is viable…and learn what is needed next in the product.…MVP is often used along with terms like MMF…and MMP.…MMF stands for Minimum Marketable Feature…and MMP, Minimum Marketable Product.…
Instead of defining all these terms,…let's talk about them all in terms of…Minimum Viable Thinking.…Minimum Viable Thinking helps the team focus…on what really matters and to not allow…unnecessary features or feature details into the product.…
- Identify the goals of a product owner on an agile team.
- Explore the essentials of an agile roadmap.
- Examine the elements of an agile planning overview.
- Identify key agile product owner competencies.
- Recognize the fundamentals of the experimenting and prototyping phase of agile planning.
- Discover common myths of agile product ownership.