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Minimum Viable Product vs. Proof of Concept vs. Prototype

Defining what MVP means and how to differentiate it from other terms typical for the product pipeline.

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Minimum Viable Product (MVP)
Product Management

Summary

What is MVP (minimum viable product), proof of concept and prototype definition? In this video, Railsware Academy describes the whole product pipeline and its key terms - outlining the differences between minimum viable product (MVP) and minimum lovable (MLP), marketable (MMP), and awesome (MAP) products as more advanced MVP examples.