Minimum Viable Product (MVP)

Learn how Minimum Viable Product is different from Minimum Business Increment

• Minimum Viable Product (MVP):
  • Minimum Viable Product (MVP) is the minimum amount features of the product just enough to start using the product or experience the product. To meet the stringent timelines and deliver the bare minimum product to the client and learn from the experience to build the product further.
  • Basic version of a product with essential features.
  • Launched to gather feedback and validate assumptions early.
  • Aims to minimize risks and reduce development costs.
• Minimum Business Increment (MBI):
  • Minimum Business Increment (MBI) is amount of features to realize a defined business value. Minimum Business Increment (MBI) is the value estimated by the stakeholders considering the additional features which can be built in the existing product to enhance the product and realize higher business value. 
  • A small, deliverable feature that provides immediate business value.
  • Focuses on enhancing an existing product or service.
  • Prioritizes value delivery over experimentation.