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INTERVIEW QUESTION:

What is a Minimum Viable Product?

Posted by Chris Adams

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ANSWER

A Minimum Viable Product (MVP) refers to a product that has just enough features to reasonably demonstrate its viability to a group of stakeholders in order to receive feedback.  By greatly limiting the scope of the product to its absolute minimum feature set the product development team is able to limits costs and risks.  

When deciding what features should make up the minimum viable product, teams should focus on the primary use case of the product and which features are absolutely necessary to fulfill the use case. At times it can be helpful to use the 80-20 rule to help identify the most important features, especially when there isn't one single primary use case but several. For most products, 20 percent of the features will handle 80 percent of the use case goals. 

The completed minimum viable product allows stakeholders to verify that the features built meet the use case(s) as expected.  If the MVP misses the mark and is deemed a failure very little money and time has been spent. However, this is a fairly uncommon outcome unless the product was built to test an unknown market.  More often than not, the MVP is suitable and only minor adjustments need to be made to bring the MVP inline with stakeholder needs. Finally, the completed MVP can be used as a baseline for discussion about the next set of features to be added.

Some of the benefits of minimum viable products are that they:
  • Minimize the initial planning time required to start a project
  • Minimize the initial development effort 
  • Make excellent proof-of-concepts
  • Accelerate requirement learning and discovery
  • Provide a tangible, working product for stakeholders to experience and evaluate
  • Support early and rapid feedback cycles with stakeholders
  • Deliver a usable product to customers as early as possible
  • Facilitate the develop of a more complete product vision
--
Chris Adams
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Do your homework prior to the business analysis interview!

Having an idea of the type of questions you might be asked during a business analyst interview will not only give you confidence but it will also help you to formulate your thoughts and to be better prepared to answer the interview questions you might get during the interview for a business analyst position.  Of course, just memorizing a list of business analyst interview questions will not make you a great business analyst but it might just help you get that next job.





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