Lean product development is a methodology designed to accelerate product creation while minimising waste. Unlike traditional development processes, it breaks down communication barriers between departments, fostering collaboration across all teams from start to finish. This continuous involvement allows the product to evolve and improve more efficiently. The lean approach is guided by five core principles.
1) Deliver value to the customer
2) Identify the value stream and reduce waste
3) Streamline the value-creating steps
4) Empower the team
5) Learn and improve
While Management remains informed about the viability of investments and project progress, the focus is on removing obstacles to maximise team efficiency and effectiveness.
DISCOVERY
| Collect Ideas | Fund Strategic Ideas | Early Risks Understood | Early Product/Market Testing |
DEFINITION
| Product/Market fit confirmed | Agile Team Formed | Stories Written | Business Plan Approved |
DESIGN
| Proof Of Concept Created | Development Planned | Agile Process Continues | Product Design |
DEVELOPMENT
| Product Is Feature Complete | Product Quality Is Assured | Agile Development Continues | Go To Market Plan Finalised |
Minimum Viable Process
An efficient way to apply Lean Product Development (LPD) and eliminate non-value-added activities is by streamlining the traditional product development process.
This streamlined approach is known as the Minimum Viable Process. It empowers teams to create the best possible prototypes and products with minimal oversight from senior management.
3 Key Check Ins
Instead of the typical six or seven phases with multiple approval gates, this approach reduces it to just three key check-ins between the team and Management. These check-ins focus on:
Definition Check-in
Ensuring product-market fit
Design Check-in
Validating the proof of concept
Development Check-in
Confirming the final product feature set and go-to-market strategy