MVP Development

When starting a new project or business venture, there’s no guarantee you’ll come out on the other end with a steady hand. Therefore, it’s important to have a process that allows you to quickly and efficiently iterate upon your ideas and suggestions until you hit on something that works.

Minimum viable product development is identifying and creating merely usable products before investing more effort and resources (based on customers’ feedback) into creating a fully functional product.

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This method allows for quick feedback loops so that you can rework your ideas as necessary before moving forward with full production. It also ensures that your product meets user expectations and isn’t filled with bugs or unintended consequences. In this article, we’ll explore the concept of MVP, its implementation steps, benefits, and how ScienceSoft can help you with your MVP development project.

What it Takes

To develop a minimum viable product, you must have a clear vision, a plan, and the resources to execute it. You must also communicate your vision and plan to your team and investors. Here’s an idea of what it takes to create a minimum viable product.

  • The average time to develop a minimum viable product (MVP) is about three to four months.
  • It typically costs 10 to 30 percent of the entire project’s cost to create the initial version of the product.

However, these time and money expenditures may vary depending on the complexity of the app idea, features, and design.

Implementation Steps

Step 1. Discovery and MVP planning

Minimum viable product discovery is creating a prototype that can be used to evaluate a new product idea. This step aims to determine whether a new product is feasible and marketable. At this stage, ScienceSoft helps you to conduct market research, create a product outline, choose a technology stack, design user interfaces, and conduct a market test. Minimum viable product discovery usually takes around two to one month to complete.

Step 2. Proof-Of-Concept and Rapid Prototyping (optional)

A proof-of-concept is a test version of a product designed to demonstrate its feasibility and potential marketability. This step requires the use of a testing and development tool that allows early-stage product candidates to determine whether the product will succeed or not.

Step 3. MVP Development Project Planning

In the MVP development project planning stage, the team must decide what features to include in the product, the investment required, and every other activity that will occur during the project development. In this step, ScienceSoft does the following.

  • Plan the budget for the project
  • Assess the project risks
  • Determine the project scope.
  • Outline deliverables.
  • Map out a timeline
  • Create a project schedule and breakdown into iterations and deliverables.

Step 4. MVP Development

ScienceSoft embraces two approaches in developing minimum viable products. These two approaches are no-code MVP development and code-based MVP development.

  • No-code MVP development: The entire software development process is done without using any code in this model. Operations in this stage may include landing page creation, content marketing, and advertising.
  • Code-based MVP development: as the name implies, code-based MVP development relies on using code to build the software features. Depending on your product type, ScienceSoft may either focus on implementing the primary feature of your software or create multi-feature software from prefabricated elements on open source or your previous project.

Operations in the development stage typically include UI/UX design, front-end and back-end development, and testing.

Step 5. MVP Launch and Further Iterations

Upon completion, ScienceSoft deploys your product into the market. And once the product begins to exhibit early signs of success, we typically bring in testers on board to ensure that the product remains viable and optimized for maximum performance.

Build the Right MVP with ScienceSoft

We are a US-based IT consulting and service company helping startups and enterprises build efficient software. We’ve been developing excellent products for clients since 1989 and have completed hundreds of successful projects. Most of our customers can happily acknowledge that our top-notch services have been pivotal to their growth. And we’d love to help you accomplish similar results. Our operations can be categorized under two broad services: MVP development consulting and end-to-end MVP development.

  • MVP development consulting: this service helps us to understand your business goals, determine an appropriate tech stack and architecture for your project, and deliver a detailed implementation roadmap.
  • End-to-end MVP development: after understanding your project and mapping out a decisive approach to follow, our team goes on to design your interface, code the software, integrate it with third-party systems (if necessary), and release it to the public. Then we’ll stick with you after the launch to optimize the product.

Typical Roles in Our MVP Dev Teams

Our team consists of highly-credentialed tech professionals, including:

  • UX & UI designers
  • Back-end & front-end developers
  • Business analysts
  • Project managers
  • Quality assurance engineers

Benefits of MVP Development with ScienceSoft

Here’s a list of what you stand to gain by working with us.

  • Increased efficiency in product development.
  • Reduced time and cost for product development.
  • Increased accuracy and quality of products
  • Reduced risks associated with early-stage development.
  • Faster feedback and iterative development.

Get an Estimate for Your MVP Development Project Today

Are you ready to make the most of your IT investment and propel your business to the next level? Contact us today to get an estimate for your MVP development project.