A Minimum Viable Product (MVP) is a product with just enough features to satisfy early customers and?

A Minimum Viable Product (MVP) is a core concept in lean and agile approaches, including Disciplined Agile. Its primary purpose is twofold: to deliver immediate value to early adopters and, more importantly, to function as an experiment to gather validated learning. By releasing a product with a minimal feature set, the team can test its core business hypotheses with real users. The feedback collected is crucial for guiding future development, ensuring that subsequent iterations are based on actual user needs and behavior rather than assumptions. This "build-measure-learn" feedback loop minimizes wasted effort and maximizes the chances of building a successful product.

B. Is used for demonstration only. This describes a prototype or a proof-of-concept, which is used for demonstration, not a functional product released to customers for real-world use and feedback.
C. Will be the last iteration of development. An MVP is the first releasable version of a product, designed to start an iterative cycle of feedback and improvement, not end it.
D. Is not yet ready to be sold. The "V" in MVP stands for "Viable." This means it must provide enough value that customers are willing to use it or even pay for it, distinguishing it from an incomplete or non-functional prototype.

1. Ambler, S. W., & Lines, M. (2020). Choose Your WoW! A Disciplined Agile Delivery Handbook for Optimizing Your Way of Working. Project Management Institute.

Page 360 (Glossary): Defines MVP as, "A version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort." This directly supports the feedback and learning purpose.

Page 79: Discusses MVP as a key part of a lean startup strategy, emphasizing the goal is to "get something into the hands of our stakeholders quickly so that we can get their feedback."

2. Project Management Institute. (2017). Agile Practice Guide.

Section 5.2.5, "Minimum Viable Product (MVP)": States, "The team can build the smallest piece of work that can be delivered for value and, most importantly, for feedback. This smallest deliverable is known as the minimum viable product."

3. Project Management Institute. (n.d.). Disciplined Agile Browser.

Process Goal: "Explore Scope" > Decision Point: "Explore Usage" > Option: "Minimum Viable Product (MVP)": The description states the purpose of an MVP is to "get feedback from them [stakeholders] so that we can evolve the product to better meet their actual needs."