clean up the mess with mvp

MVP Clean up the mess

with

Test your knowledge and understanding

Gena Drahun

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Steven Cohn Founder, CEO at Validately

https://www.linkedin.com/pulse/death-minimum-viable-product-steven-cohn?articleId=77273329547267549671/

The MVP is the most misunderstood term I have ever experienced in business.

Test 1 MVP Knowledge & Understanding

Who is familiar with this diagram?

What is wrong with this diagram?

This is how original image looks like

See the difference?

See the difference?

Test 2 MVP Knowledge & Understanding

Do you know what is MVP?

A Minimum Viable Product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.

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Eric Ries Author of “Lean Startup” book, 2011

http://www.syncdev.com/minimum-viable-product/

http://leanstack.com/minimum-viable-product//

MVP is an experiment. So easy…

But are also another quite a different definition.

MVP is not an learning experiment, it should create customer value.

The minimum viable product is that product which has just those features and no more that allows you to ship a product that early adopters see and, at least some of whom resonate with, pay you money for, and start to gave you feedback on.

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Eric Ries 2009

http://venturehacks.com/articles/minimum-viable-product

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Ash Maurya Author of “Running Lean” and creator of “Lean Canvas”

http://leanstack.com/minimum-viable-product//

Minimum Viable Product is the smallest thing you can build that delivers customer value (and as a bonus captures some of that value

back).

http://leanstack.com/minimum-viable-product//

Original definition of MVP.

We define MVP as… unique product that maximizes return on risk for both the vendor and the customer.

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Frank Robinson Coined the term “Minimum Viable Product” in 2001

http://www.syncdev.com/minimum-viable-product/

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Frank Robinson, Coined the term “Minimum Viable Product” in 2001

http://www.syncdev.com/minimum-viable-product/

* Hurdle rate is the minimum acceptable rate of return. Most companies use 12% hurdle rate.

*  

https://en.wikipedia.org/wiki/Minimum_acceptable_rate_of_return

And… There is also...

http://www.slideshare.net/BriandeHaaff/slideshare-mvp-72814v2

http://www.slideshare.net/spookstudio/the-minimum-loveable-product-31984451

Can we define, design and measure “Maximum amount of Love”????

This simply means that being just “usable” is not enough

http://www.slideshare.net/spookstudio/the-minimum-loveable-product-31984451

h$p://www.mindtheproduct.com/2014/10/lean-­‐product-­‐management-­‐the-­‐mvp-­‐culture-­‐within-­‐every-­‐featureenhacement-­‐development/  

One solution that joins them all...

h$p://blog.crisp.se/2016/01/25/henrikkniberg/making-­‐sense-­‐of-­‐mvp  

Test 3 MVP Knowledge & Understanding

What is wrong with this diagram?

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You can not bake just a slice of cake. You need to bake the whole cake first.

ED  

1  

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Gena  Drahun,  September  2015  |  With  compliments  to  Jussi  Pasanen  and  Aaron  Walter  

Build the product small but complete, not by a part, by a slice or by a layer.

One step further?

MVF Minimum Viable Feature

h$p://www.mindtheproduct.com/2013/05/the-­‐minimally-­‐viable-­‐feature-­‐approach/  

You can set the level of “perfection” per individual feature

Choose the quality of your product ingredients

*  Stephen  Anderson’s  Experiences  Pyramid  

Meaningful  

Pleasurable  

Usable  

FuncTonal  

Do not…

with your MVP

Gena Drahun

@HDrahun

hienadzdrahun

http://www.slideshare.net/Hienadz.Drahun

Thank you!