"PMP Exam Practice Question and Answer -128 : Minimum Viable Product (MVP) to Test the Market | PMP Exam Prep, Project Management, PMP Exam"

The Scenario is
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You are managing a project where stakeholders are exploring a new idea: selling cakes online, a concept that has not been tried in your local area. The goal is to develop a complete solution that facilitates online purchasing. As the project manager, you have recommended developing a Minimum Viable Product (MVP) to test the market. Which of the following options represents the best approach for an MVP?
A. Construct a comprehensive website with features including cake customization, automated order confirmations, and real-time tracking to fully satisfy customer needs online.
B. Build a detailed website that covers the entire customer journey for a typical persona, including browsing, ordering, payment, and feedback, ensuring all needs of a typical persona are well addressed.
C. Develop a basic website showcasing a select assortment of cakes, with orders being placed via email and payments made on delivery. Track customer interest and orders effectively.
D. Create a simplified prototype with basic functionalities that can be demonstrated internally, focusing on core aspects such as product listing and order placement, without involving real customer interaction or payment integration.
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Right Answer and Explanation:
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Correct Answer is C)
This option is the most aligned with the MVP philosophy of starting with the simplest version of the product that allows the business to launch and begin learning from customer behavior with minimal upfront investment. It focuses on the core functionalities needed to validate the business concept and gather initial customer feedback, which are crucial for making informed decisions on how to expand and improve the product in future iterations.
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PMP Exam Content Outline Mapping
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Domain: Process
• Task 1 Execute project with the urgency required to deliver business value
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Topics Covered
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• Minimum Vibal Product (MVP)
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