What does MVP mean? Definition, Reasons To Use

Elena Petelko
EXISTEK
Published in
2 min readMar 22, 2022

What does MVP mean and why is it so important to know it if you’re planning to start your software development project? This concept is beneficial if you want to prevent your business from spending much money on a product that may appear unsuccessful. Read the article to find out how to save a company’s budget when developing an application.

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List of the content

  • What does MVP mean?
  • Why do you need an MVP?
  • How to create an MVP?
  • Successful brands that started with an MVP
  • What is MVP cost and duration?
  • In conclusion

Why is it so important to know the answer to “What does MVP mean?” This concept may save many startups from failures. If you’re on the brink of starting a new project, it is essential to know what is MVP in software development.

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