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You down with MVP? – Yeah, you know me

Blayne Roselle Blayne Roselle  |  
Apr 07, 2017
 
Minimum Viable Product (MVP)
As defined by Techopedia, MVP is a development technique in which a new product or website is developed with sufficient features to satisfy early adopters.  The final, complete set of features is only designed and developed after considering feedback from the product’s initial users.  An MVP has three key characteristics:
  • It has enough value that people are willing to use it or buy it initially
  • It demonstrates enough future benefit to retain early adopters
  • It provides a feedback loop to guide future development
 
Here at Skyline Technologies, we truly care about our customers and we want to see them succeed.  One way we help them thrive is by giving them the biggest bang for their buck, and this can be accomplished through MVP.  MVP avoids building products that our customers, or more importantly our customers’ customers, do not want.  By simply releasing the core features that make it sufficient to deploy the product, it saves our customers both time and money.    
 
MVP – not just for the workplace
While having the privilege of seeing MVP in action in the business setting, I have also tried implementing MVP of sorts in my household.  Every summer my family and I go camping and every year our vehicle becomes more and more packed with stuff that never gets used on the trip (i.e., food, clothing, bedding, and especially toys and games for the kids).  With a trip we took last summer, out of necessity because of a change in vehicles (going from a full-size pickup to a mid-size SUV) I had to implement MVP…..my goal was to minimize the amount of stuff (or features), but still have an enjoyable time.  By implementing MVP for our trip, we saved both time and money:
  • With less packing (and more importantly unpacking), we saved time
  • With less laundry, we saved both time and money
  • With less food, we saved money
  • With less food, we had fewer coolers, which saved money (less ice we had to make or purchase during the trip) and saved valuable space in the vehicle
  • With less stuff in the vehicle we saved money on gas – the EPA estimates that for every 100 pounds removed from a vehicle, the fuel economy is increased by 1-to-2 percent.  If a gallon of gas costs roughly $2.58, this saves the consumer between $.03-to-$.05 per gallon. 
 
Do you know what?  None of the additional stuff (features) was missed and everyone still had a great time. 
 
In reality I am actually a lot more fun and not as cheap as the way I portrayed myself above, but don’t get me wrong – if I can save time (and more importantly money) with no impact on our fun, than I am all for it.  Maybe for your next getaway you can try an “MVP Vacation”.
 
Agile

 

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