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

A Minimum Viable Product (MVP) is a product with just enough features to satisfy early customers and?
A . Provide feedback for future product development.
B . Is used for demonstration only.
C . Will be the last iteration of development.
D . Is not yet ready to be sold.

View Answer

Answer: A

Explanation:

A Minimum Viable Product (MVP) is a product with just enough features to satisfy early customers and provide feedback for future product development. The MVP approach allows organizations to test their product hypothesis with minimal effort and investment, gather valuable user feedback, and make informed decisions about further development. By delivering a basic version of the product quickly, teams can learn from real-world use, validate assumptions, and iterate on the product to better meet customer needs in subsequent versions.

Reference: PMI Disciplined Agile (DA) Toolkit, which discusses the concept of an MVP as a tool for early market entry, user feedback, and iterative development.

PMI, "Choose Your WoW! A Disciplined Agile Delivery Handbook for Optimizing Your Way of Working (WoW)," which outlines the role of an MVP in enabling rapid feedback loops and continuous improvement.