MVP (minimum viable product) – it is not the initial stage of the project development, and the initial results. For, to develop MVP, for the first need to build a marketing and business strategy, prepare detailed specifications and requirements for own idea. But this is only the start. What to do next?
“… creation of MVP is a widely used approach in the IT industry and software development …”
This approach can be used as startups, and already established companies. For the former, it is a good starting point, which determines the right plan for the launch and growth of the product. For the latter, the principle applies MVP, when they want to bring something new to the market.
Generally, the main goal of MVP is to reduce costs, saving time and quickly provide potential users of the product, to get a real early reviews about it.
There are different types of MVP, and different ways of its development, but in almost every case, this process requires investment. Let us know, about the budget you should allocate for the creation of minimum viable product.
“… The first version of the MVP should not take more than four months of development…”
This conclusion is based on the principles of "lean startup" and our experience. This time includes not only the development of, but steps UX and UI design, which are an integral part of creating the application.
If we assume, that the company will work 40 hours per week for 2-4 person-months at an average cost per hour, which is $25-$150, we obtain the following results:
Initial budget varies greatly and depends on the company's price, the number of developers involved, complexity and specificity of the project.
Do not expect the impossible from the development team, If you have decided to implement all the functions at once. This will entail an increase in time and cost. the project requirements set should be limited, to get there in time 2-4 person-months and the example above budget.
“… set and determine the appropriate set of technologies…”
If you are tech savvy, you can do to determine the requirements for the, who prefer. This may be another criterion for the selection of an appropriate command. The second possible and quite common variant – ask for recommendations and advice from developers.
“…Rails, Swift, Java…”
for example, Ruby on Rails framework is widely used for the development of server-side, working well and stably. With mobile technology platform is simple: Java for Android, Swift для iOS.
Of course, You make the final decision, but we strongly recommend you consider this particular set of technologies.
Do not hesitate and start to create the MVP for a startup! MLSDev we are always happy to share their experience and to provide services for the realization of your ideas to life. Going through the process step by step, listening carefully to your needs and providing our recommendations, we will create a successful project together.
A source: http://mlsdev.com/en/blog/52-how-much-does-it-cost-to-build-an-mvp
