MVP vs MMP vs MMF vs PSI in Agile 😃 minimum viable product, marketable product, feature, shippable

In the world of Agile development, numerous concepts and terminologies guide the way products are built, rolled out, and iterated. Four such concepts are MVP (Minimum Viable Product), MMP (Minimum Marketable Product), MMF (Minimum Marketable Feature), and PSI (Potentially Shippable Increment). Let's dive into understanding each one of these:

1. Minimum Viable Product (MVP)

The MVP is a version of a new product with just enough features to satisfy early customers and provide feedback for future product development. It’s the most basic version of the product that still delivers value to the user and solves a specific problem. The goal of an MVP is to test hypotheses about the product, reduce risk, and avoid building products or features that customers don't want.

2. Minimum Marketable Product (MMP)

The MMP refers to a product that has the minimum set of features deemed necessary for it to be of value to customers, and, at the same time, marketable. Unlike an MVP, which is about validating or invalidating assumptions, an MMP focuses on bringing a product with compelling value to the market as quickly as possible. It's often the first version of a product that you wouldn't be embarrassed to market to your target audience.

3. Minimum Marketable Feature (MMF)

An MMF is the smallest set of functionality that, on its own, has value in the marketplace. Each MMF adds a valuable increment to the product, delivering value to the customer while maximizing return on investment for the business. MMFs help prioritize development by enabling teams to deliver new features and enhancements continually without waiting for the complete product.

4. Potentially Shippable Increment (PSI)

In the Scrum framework of Agile, a PSI is a body of work that can be delivered at the end of a sprint and is of high enough quality that it could be shipped to the customer. It doesn’t mean that it is shipped, but rather that it could be because it fulfills the definition of "Done"—it’s tested, validated, and ready for delivery.

In summary, these concepts each serve a specific purpose within Agile development, guiding the way teams build, test, and deliver value to their customers. They reflect the Agile mindset of iterative development, continuous feedback, and adaptability, helping teams focus on delivering value incrementally and learning as they go.

Видео MVP vs MMP vs MMF vs PSI in Agile 😃 minimum viable product, marketable product, feature, shippable канала Phill Akinwale, OPM3, PMP (Leadership & Agile)