We all know that a Minimum Viable Product is a lean startup technique designed to test and validate if a solution actually solves a customer problem. It is an endeavor to go forth and learn  to then, iterate or pivot as you better understand the problem and solution.  To be successful, it is not only  about learning what the people want but also being able understand the most painful aspects of that problem to then define what is the minimum amount of work you can do to generate early value to them.  But how do we figure that out?  In this 45-minute workshop, you will learn what is an MVP;  why it matters; what makes a good MVP experiment; and how to get started on designing your own. By the end of this 45-minute workshop, you will have:

  1. Created a problem statement, or hypothesis for an MVP
  2. Turned your hypothesis into a list of possible experiments
  3. Collaborated with agilists who will help you formulate your MVP concept and experimentation ideas

 

 

 

 

 

 

 
 

Outline/structure of the Session

  1. Introductions (5 minutes)
  1.  What is MVP and why do I care? (5 minutes)
  • MVP Definition
    • “an MVP can be defined as the least amount of work we can do to in/validate a hypothesis, or problem a solution is designed to solve”
  • Goal of an MVP
    • Make sure your customers want your product, before you build it.
  • Benefits
    • Reduce risk, maximize success, faster feedback, reduced overhead, measurable progress

 

  1.  Identifying a problem/hypothesis to solve (10 minutes) - Interactive table discussion
  • Define a problem statement - What pieces do you need to have in problem statement?
  • Tables will:
    • Develop a hypothesis/problem statement. What is the problem you are solving? Who is your customer?
      • "We believe [TYPE OF USER] has a problem [DOING THING]. We can help them with [OUR SOLUTION]. We'll know we're right if [METRIC]."
  1.  How to design an MVP (5 minutes)
  • Examples  & Types of MVP (Concierge, Wizard of Oz, Landing Page Video)
  • Key Q’s
    • What is your riskiest assumption? (e.g. )
    • How would you test that riskiest assumption?
    • What would you measure!
  1.  Design MVP (10 Minutes) - Interactive table discussion
  • Using the same tables, you will:
    • Review the problem statement and customer you are solving for.
    • List your riskiest assumptions you are making with your problem statement.
    • Design an MVP to test your riskiest assumption.
  1.  Iterative Experimentation (Get out of the building!)   (5 minutes)
  • Provide an example of an MVP iterative cycle - No wrong answers, just learning!
  • Understanding why it didn’t work is valuable - learning from failed experiments - helps you to pivot & be successful;
  1. Recap  (5 mins)
  • Created a problem statement, or hypothesis for an MVP
  • Turned your hypothesis into a list of possible experiments
  • Collaborated with Agilists who will help you formulate your MVP concept and experimentation ideas
  • Resources Online

 

Learning Outcome

  • Attendees will have an MVP Design
  • Attendees will learn how to validate MVP
  • Attendees will understand what metrics will measure MVP success
  • Attendees will understand how experimentation improves MVP
  • Attendees will have the opportunity to interact with other peers to gain insights into other business problems

Target Audience

Product Owner, Business Managers, those passionate around experimentation

Requirements

Several round tables for working sessions and conversation

Flip charts, stickies and sharpies for each table

 

schedule Submitted 1 year ago

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  • Bob Payne
    By Bob Payne  ~  1 year ago
    reply Reply

    The timing looks tight on the Build/Test portion.  Can you explain how you can pull this off or shave some time to expand this most valuable portion of the program.

    -bob payne


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