Project management is “the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.”
Especially in start-ups it is essential to optimize project management also with regards to work organization and often start-ups have an organization for working with agile methodologies.
Agile describes a way of working that was originally defined by the Manifesto for Agile Software Development.
Everybody knows that Agile is an umbrella term for a vast variety of methodologies and techniques. The most popular frameworks and practices are Scrum, Kanban, Hybrid, Lean, Bimodal, XP, and Crystal.
For example, SCRUM is an agile project management framework that helps team structures and manage their work through a set of values, principles, and practices
A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.
Minimum viable product has just enough core features to effectively deploy the product, and no more. Developers typically deploy the product to a subset of possible customers, such as early adopters who are thought to be more forgiving, more likely to give feedback, and able to grasp a product vision from an early prototype or marketing information. This strategy aims to avoid building products that customers do not want and seeks to maximize information about the customer with the least money spent.
For example, in 2015, specialists from the University of Sydney devised the Rippa robot to automate farm and weed management.
Before it was released, the technical hypothesis – that the robot can distinguish weeds from farm plants – had already been proven. But the business hypothesis – that it would be a viable tool on a working farm – still needed to be proved.
The application of the MVP method here is the business hypothesis, and only if it proves successful will further development be invested.