The Minimum Marketable Feature (MMF) is a concept from agile software development that suggests that the minimum amount of work required to produce a software feature that can be delivered to customers should be the only work done on that feature. This is in contrast to the traditional approach of delivering all features that have been scoped out for a release, regardless of whether or not those features are actually useful to customers.
The rationale behind the MMF approach is that it allows for a more agile software development process, as features can be delivered to customers more quickly and easily. It also allows for a more focused development effort, as only the most essential features are worked on. This can lead to a better overall product, as features that are not essential are likely to be of lower quality or less useful to customers.
The MMF approach is not without its critics, however. Some argue that it can lead to a situation where features are delivered that are only marginally useful, and that this can be frustrating for customers. Others argue that the approach can lead to a situation where important features are not developed at all, as they are not considered essential.
Ultimately, the decision of whether or not to adopt the MMF approach should be made on a case-by-case basis, as it may not be appropriate for all software development projects.
What is MMP minimum marketable product?
The Minimum Marketable Product (MMP) is the smallest amount of work that can be done in order to get feedback from customers on whether or not they will actually use and pay for the product.
The idea behind the MMP is that it is better to release a small, imperfect product early on, so that you can get feedback from customers and make the necessary changes, rather than spending a long time developing a perfect product that may not be what customers actually want.
The MMP will vary depending on the product and the market, but it should always be the smallest possible amount of work that can still provide valuable feedback.
Some examples of an MMP could be a prototype of a new product, a minimum viable product (MVP), or even just a landing page to gauge interest in a new service.
What is MVP and MMP in Agile?
MVP stands for Minimum Viable Product, and refers to the bare-bones version of a product or feature that is sufficient to test with users. The goal with MVP is to validate assumptions and gather feedback as early as possible in the development process, in order to course-correct and build the right thing.
MMP, on the other hand, stands for Minimum Marketable Product. This refers to the version of a product or feature that is minimally usable and offers the bare-minimum value to customers. The goal with MMP is to get a product or feature to market as quickly as possible in order to start generating revenue and feedback.
What is the difference between MVP and MBI?
The main difference between MVP and MBI is that MVP is a product development strategy in which a minimum viable product is created in order to gather feedback from early adopters, while MBI is a business development strategy in which a minimum bankable product is created in order to attract investors.
MVP is a product development strategy that focuses on creating a minimum viable product in order to gather feedback from early adopters. The MVP is a bare-bones version of the product that includes only the essential features. The goal of MVP is to learn as much as possible about the user's needs and how they interact with the product.
MBI is a business development strategy that focuses on creating a minimum bankable product in order to attract investors. The MBI is a bare-bones version of the product that includes only the essential features. The goal of MBI is to show potential investors that the product is worth investing in.
What is MVP in project management?
MVP stands for "Minimum Viable Product". The term was coined by Frank Robinson in 2001, and popularized by Eric Ries in his book The Lean Startup.
The MVP is the minimum set of features that must be implemented in order to launch a product. The idea is to get the product out to market quickly, gather feedback from users, and then iterate on the product based on that feedback.
The MVP is not a fully-featured product; it is a minimum set of features that allows the product to be used and provides value to the user.
The MVP is a key concept in the Lean Startup methodology, which emphasizes the importance of learning from customer feedback and iterating quickly.