From MVP to Market Leader: The Critical Role of Requirements Management

MVP - Minimum Viable Product / Minimal Viable Product. Defining Product Requirements: The Backbone of a Strong MVP Too often, MVPs are seen as "quick and dirty" prototypes—something rushed out just to test an idea. But in reality, a well-defined MVP requires a structured approach to product requirements to ensure quality, scalability, and market fit. Without proper requirements management, MVPs can quickly become chaotic, leading to wasted resources and flawed assumptions. Why Product Requirements Matter for MVPs Even at the MVP stage, companies must clearly define: · Core functionalities that will be tested. · Technical constraints & feasibility—balancing speed with quality. · Target audience expectations to ensure meaningful feedback. · Regulatory & compliance ...