One approach that is often used in the world of custom software development is minimum viable product, or MVP.
A minimum viable product is a prototype of the product that offers the end software's most essential features yet is cheaper and quicker to develop. It can be likened to a first draft, and its goal is to determine whether the concept will work and collect data about customer response.
Advantages Of An Minimum Viable Product
Developing a minimum viable product in custom software development allows companies to gain insight and continuously improve their product using the data that was collected during the prototype’s release.
Outlines The Entire Project
Creating an MVP involves establishing an outline of the entire project, which can be useful for guiding the work and setting a timeline.
Expectations Are Set & Agreed Upon
The MVP approach involves setting clear aims, which means that all parties know and agree upon what is expected of the product.
Receive A Working Product, Ready To Go Live
An MVP is a working product that can be used to provide a far more concrete idea of what the final version of the software will look like than a verbal description offers.