01/02/2021 0 Comment

MVP Prototype Development : Approach to Product Development in 2021 and beyond.

MVP Prototype Development is an agile-like approach that combines MVP, POC, Prototyping, and several other technical and managerial solutions to reduce budget costs and decrease time to market. How do we overcome challenges? Overcoming challenges requires meticulous time management, planning, inner zeal, and a thorough clarity of your goals. Without a clear set of objectives, you can’t advance for long. Having a clear goal and know exactly how to accomplish it is what accomplishes a vision. A managerial approach, combined with discipline can help you overcome obstacles during these uncertain times.

How to implement the MVP prototype development approach?

We’ve identified the steps that will help you to identify and prioritize features. Through the MVP Prototype Development approach, you’ll be able to successfully release your software product into the market.  

STEP 1:  Recognize market demand before MVP prototype development.

You know what they say, “nothing beats good ‘ol market research”. Identify the pain area your software is solving for your prospect. Build your product around solving that problem statement. Gather customer feedback of existing competition to further build upon the functionalities. One such way to identify the demand within the market is to observe and analyze your competition, what others are doing. You can do this by:
  • In-depth market research.
  • Identifying common pain areas.
  • Developing a high-level feature set primed to tackle the pain areas.
The article ”Business Analysis Deliverables List Software Development” explores the requirement analysis approach in more detail.

STEP 2: Identifying Roadblocks in your MVP Prototype Development. 

  Roadblocks have a rather negative connotation, However, it’s actually a good thing. How are roadblocks good? In product development, roadblocks or constraints help developers to do better than the competition if planned appropriately. Treat each constraint as an opportunity to innovate; this will eventually lead to a more functional product through a smarter dev cycle.   You can accomplish this by:  
  • Identifying key metrics.
  • Choosing which metrics to ignore and keep.
  • Determining project constraints.

STEP 3: Always be mindful of future scaling.

  What to do after doing a thorough research of market demand and constraints? Time to put it into some good use: Convert ideas into a high-level feature set and use cases to determine your scope, Wireframe and prototype your concept by defining functional and non-functional requirements and features.

STEP 4:  Analyze the Tech Stack. 

  The tools and technologies that you can use to construct and deploy your software product are known as tech stack. Tech stacks consist of software engineering tools, third party solutions, libraries, frameworks, and programming languages. MVP Prototype Development approach focuses to ensure a faster product launch with lower budgets. This approach can help you:
  • Create alternative design solutions for each feature
  • Create alternative design solutions for “packages”
  • Analyze all technical benefits and risks per software solution

STEP 5: Evaluate the Tech Solution.

The penultimate step is to evaluate the solution you’ve developed. You should align the tech solution’s business value with its technical constraints and development efforts. By evaluating your tech solution, you can fit your parameters by adjusting your features. Keep your dev team into the fold while making decisions, because your teams provide lots of technical know-how and experience to your projects. Consulting them can help you resolve your tech constraints and decisions easily.   Take your development team’s feedback and suggestions to improve your product. By adjusting the scope of the project, you will create a better product. The best way to ensure success is to:
  • Choosing suitable solutions.
  • Determine each solution’s dependency on APIs.
  • Technical risks identification.
  • Highlighting limitations of ready-made or template solutions.

STEP 6: Congregate and Planning. 

Make sure your product’s technical solutions and scope match the initial project constraints and key metrics. Here’s what you can do to develop a comprehensive roadmap based on your budgetary constraints and timeline to delivery:
  • Create a roadmap.
  • Maintain a risk register.
  • Finalize product’s scope and feature list
This is a highly valuable approach for you if you need to release or create a software product that is more than a proof of concept and could be shown to investors within limited timeframes and budgets. We @AppVoir developed SnabbLab – A Laboratory Information Management Software with this technique only and we were able to successfully roll out additional feature-sets and effectively eliminate the pain areas of our niche. Wanna execute your idea through the MVP Prototype Development approach? Just let us know of your Idea and we will help you convert it into a smart thriving digital product.
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