What is a Minimum Viable Product and why is it an important part of bespoke software development

MVP: Building Effective Bespoke Software

19 Mar 2021
MVP: Building Effective Bespoke Software

MVP: Building Effective Bespoke Software

Many companies are opting for customized software solutions to answer their specific needs and match their internal processes. But this practice often requires a lot of initial input from businesses in order to create a successful and efficient product. It is not uncommon that after spending time and capital on bespoke software, an organization will find it difficult to implement or lacking in vital features.

That’s when we talk about the absolute Minimum Viable Product (MVP). Defining the MVP is the first and the most crucial step in such tailored enterprise software development. This also means providing a detailed delivery or roll-out plan. The concept behind an MVP is to have a customer-ready and effective product. It is the most basic requirement to make a solution actually work for a business. Eventually, the process of identifying the MVP means the focus is placed on truly learning the way a business operates in order to design the tool they need. This is the primary benefit of an MVP: to understand what customers are interested in and spend less effort and resources on creating it.

How to Build an MVP

The purpose of having a Minimum Viable Product is the ability to launch quickly, with less cost, and with a functional product. In addition, this approach allows you to collect users’ feedback for the primary product. Therefore you can optimize the next version accordingly. When it comes to building an effective MVP, there are certain steps that need to be followed. Here’s an overview of what to consider:

Defining the core functionalities

Begin by assessing which core functionalities will be included in the software. This means understanding the true purpose of the product and what added value it should bring to the organization using it. These will be the heart of the solution, they represent the minimum viability for the client. Only after this step is clarified can developers look at additional features.

Ensure usefulness of all features

When building software according to a specific demand, make sure each feature is useful and has a clear purpose. Doing so will cut back on the expenses and use of resources. Moreover, streamlined and efficient software is more beneficial. Of course, this does not mean no extra features should be added. Rather, these functionalities answer a business need. Go for less decorum and more quality.

Testing, optimizing, and gathering feedback

Test and optimizing along the way. This opens up the possibility to adjust or add new requirements with minimal changes. The best way to assess your product is to gather user intelligence and feedback. See the product through the eyes of the end-users and make it better for them. Because building an MVP allows for market validation prior to finalizing the product. That’s why the main objective is to adapt the solution to the target market.

In Conclusion

The process of identifying specific business needs and the required functionalities to address those needs will dictate the final shape of the software. And if further requirements are revealed down the line, it is possible to adapt the product. The ultimate goal of an MVP is to avoid unnecessary complications, cost, and cluttered features while creating bespoke software. Neither over-developing nor under-developing the software. Instead, doing it just right so it offers the highest value in the most efficient way.