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In software development and project management, MVP stands for “Minimum Viable Product.” This is a critical notion that all entrepreneurs and executives should understand before embarking on any bespoke software development project. In fact, an MVP software might help you save time and money on your project.
According to Techopedia, the official definition of MVP is:
“A minimal viable product (MVP) is a development strategy that involves creating a new product or website with only enough capabilities to satisfy early adopters.” Only after incorporating feedback from the product’s early consumers is the final, comprehensive set of features created and built.”
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