Assumption
What are the important thoughts about customer need <monetizable pain or gain> and our solution to help the customer to do their job <value proposition> ?
Hypothesis
How can we validate our assumptions quickly and reliable? <measurable result>
MVP
What is the smallest possible interaction with the customer we can deliver to be able to validate our Hypothesis <experiment in a couple of days or weeks>?
Template
We believe that <this capability>
Will result in <this outcome according to our Assumption>
We will know we have succeeded when <a measurable signal according to our Hypothesis>
Exercise
- Select a new Product or main Functionality, you have been dreaming of, from your business context.
- Define your Assumption, Hypothesis, and MVP according to the description above.
- Write down a statement according to the template above.