1 / 9

TOP CHALLENGES IN BUILDING MINIMUM VIABLE PRODUCT (

There are a lot of challenges in building MVP in software development. Read here to tackle & address them with reliable solutions<br>

Way2SmileSolutions1
Download Presentation

TOP CHALLENGES IN BUILDING MINIMUM VIABLE PRODUCT (

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TOP CHALLENGES IN BUILDING MINIMUM VIABLE PRODUCT (MVP) & HOW TO ADDRESS THEM? Karthick Digital Marketing Executive Way2Smile Solutions UK

  2. Introduction Most of the enterprises looking for an aim to become one of the fortunes and want to be monopolies like Google or Apple. But, only a few are to reach that level. In any business understanding, the customer pain point is key without that in mind, there is more chance of failure in your product/service.Identifying and satisfying the customer needs through your product idea will take loads of time and a difficult part of the entire product development. That’s where MVP comes into play!In simple terms, MVP is the version of new product development with substantial amount features to satisfy early users who can then give feedback for future product development.The main aim of MVP is “product developer can potentially avoid & eliminate lengthy and unnecessary work”

  3. Let’s take into major challenges in building a Minimum Viable Product Fails to Identify the Exact User Needs Choosing Wrong Project Methodology  Wrong Tech Stack Perfectionism

  4. Fails to Identify the Exact User Needs There are many brilliant ideas floating around at the time of the product development phase. But, without knowing about the target audience's expectations & needs, your app won’t easy to reach with flying colors.Therefore, the primary thing is you need to identify the user needs & meet their expectations. Go through extensive research like gathering data about your potential markets, competitors, and users to know about their difficulties and solve those problems.

  5. Choosing Wrong Project Methodology  In the world of software development, there are two most popular methodologies i.e., the waterfall model and agile. For a Minimum Viable Product (MVP), agile is more suitable thanks to the high flexibility. Agile methodology paves much room for modifying requirements. Most bespoke software development companies utilize agile methodology in their successful product development. 

  6. Wrong Tech Stack When it comes to MVP, the technology stack is much important from the very outset. Also, particular technology ensures a solid gate for future product improvement. For example, choosing a cross-development framework when developing a mobile application is a wise decision that also enables you to save money and early market entry. Likewise, when developing web applications, you need a strong back-end framework. In this case, better reach out to the IT consultant to choose the right tech stack.

  7. Perfectionism In the world of MVP, it doesn’t have to be a perfect product. It’s all about making a functioning product with a minimum set of valuable features that enables you to enter the market before your competitors.

  8. Conclusion From these development challenges, it is evident that MVP plays a significant role in defining the business core idea’s feasibility in your target market. Furthermore, the MVP building process is successful only when you consider the challenges over the benefits you will experience in the long run.

  9. THANK YOU

More Related