Product management - Concept
MVP
(Minimum Viable Product)
The smallest version of a product that is complete enough to release to users
What's it for?
Gets to a usable product in the simplest and cheapest way possible
For example…
A restaurant booking app launches with availability and reservations, but no reviews, recommendations or rewards
An expenses system includes the ability to submit and approve costs but not receipt scanning or spending reports
Think of it like…
Opening a cafe with a limited menu and serving only a few types of coffee