The MVP scope clearly defines almost every element that is required to be completed and delivered for launching your product. The scope will consist of deliverables and their subs, alongside the requirements listed under each of these deliverables that include parameters such as:
Analysis of the software ideas
Prioritizing the features and functionalities
Providing deliverables on preset time limits
Collaborative efforts required
Development methodology
Development teams and departments
When to define the scope of MVP?
Generally, the scope of MVP is defined after prioritizing the features. A skeletal version is then prepared first showing the smallest usable version of your product devoid of functionalities. Sometimes this version can be similar to the MVP, except the fact that the MVP will have more functionalities than it.
At this point, more clarity is made to the MVP scope by identifying the features that are absolutely necessary for providing value to your business and its stakeholders. In short, this is the point where
you define the scope based on the MOSCOW feature prioritization approach i.e. ‘must have’, ‘should have’, could have’, and ‘won’t have’ features.
The importance of defining the scope before initiating MVP development
How can you determine the resources and other things that go into building the software MVP? Defining the scope is one way to do that.
An ideal MVP scope will help the stakeholders pinpoint the absolutely necessary features and functionalities of the MVP. Besides, you can also refer to the scope to predict risks, identify areas that need improvement, chances of cost reduction, among others.
Why do startups need to define their MVP scope?
Starting product development without defining MVP scope is like diving deep into the waters with the faintest inkling of what will happen next. Developing AI/ML apps, for instance, are the best examples to show how important it is to think backwards. For such kinds of complex projects, it is better to avail of the services of a startup IT solutions company.
To understand which features give the maximum customer value and identifying the largest possible break-off copy of a particular product, startups should define their MVP. Defining your MVP will give you the idea of features that are actually worth having and which will yield ROI.
Taking a few weeks for defining the MVP scope can save your business from losing months during the actual product development. How can MVP be the right IT solution for startups? Improve the maturity of your product by cooperating with your team and developers and together identify what factors contribute to the product’s success.
Note : This article was originally published on – https://nuvento.com/blog/how-to-define-the-scope-of-a-software-mvp/
