Meaning
Minimum Viable Product; the earliest version of a product with just enough features to satisfy early customers and validate core hypotheses.
Three examples from work
Product strategy
POLet's strip secondary filters to ship the MVP by the end of Q2.
LeadAgreed, keeping the MVP lean reduces delivery risk.
Client alignment
ClientWill the MVP include international payment methods?
PMThe MVP launches with Stripe card processing; PayPal will follow in the next release.
Post-launch review
FounderWhat did early user analytics from the MVP demonstrate?
POSixty percent of onboarding drop-offs happen on the phone verification step.
Pronounce each letter: 'M-V-P'. Frame the MVP as a learning vehicle to test assumptions, rather than a substandard or buggy product.