An IT company gets a new project.

Understand the Requirement:

The sponsors want to know if their requests can be completed within the time and budget constraints.

Developing a Minimum Viable Product (MVP):

An MVP approach focuses on building the most essential features first.

It allows for early delivery of a working product, which can be tested and iterated upon.

Benefits of MVP:

Time Efficiency:By focusing on core functionalities, the development team can deliver a working product faster.

Budget Management:Limits scope to essential features, reducing the initial investment and allowing for phased spending.

Risk Reduction:Early user feedback can be incorporated, reducing the risk of building unwanted or unneeded features.

Implementation Steps:

Identify and prioritize the key features and functionalities that are critical to the project.

Develop a project plan focusing on these MVP features.

Allocate resources and set timelines for the development of the MVP.

Continuously gather feedback from stakeholders and end-users during the development process.

Iterate and Expand:

After delivering the MVP, gather feedback and assess its performance.

Plan subsequent phases to add more features and enhancements based on user feedback and project needs.

References:

AEM Project Planning

Agile Development and MVP