Minimum Viable Product (MVP)

Launch a version of your product that delivers core value fast.

Product Management
IH InterviewHood
Definition

An MVP is a product version with just enough features to satisfy early users and validate key assumptions. It helps teams learn fast while reducing time and resource investment.

Definition

An MVP is a product version with just enough features to satisfy early users and validate key assumptions. It helps teams learn fast while reducing time and resource investment.

A Minimum Viable Product (MVP) is the simplest version of a product that delivers core value to early adopters and enables teams to learn quickly with minimal effort. MVPs are not half-finished products β€” they are purposefully minimal to validate hypotheses, gather user feedback, and reduce time to market.

By testing assumptions early, PMs can avoid building features users don’t need and focus on what matters. MVPs enable iterative product development, customer-centric innovation, and risk mitigation β€” all while delivering real, testable value from the start.

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