Minimum viable product

A minimum viable product (alternatively known as an introductory product or, often, by its acronym, MVP) is a version of a work product that includes sufficient features to satisfy early adopters and allows a team to collect the maximum amount of validated learning about customers with the least effort.

Definitions

According to the ITIL Foundation 4e by Axelos,

Minimum viable product (MVP). A product with just enough features to satisfy early customers, and to provide feedback for future product development.