MVP
Minimum viable product
In software, an MVP is the most basic version of a product that includes only its core features, designed to address users' primary needs. The typical goal of an MVP is to quickly launch a functional product to market with minimal resources, allowing teams to test their idea and gather feedback from early users. By focusing only on essential features, developers can identify what works, what doesn't, and what improvements are needed before investing more time and resources into a full-scale product.
Startups and agile teams commonly use the MVP approach to minimize risk and prioritize user-driven development and the feedback developers gather during the MVP phase informs future development direction, ensuring the product will meet user demands. For example, the MVP for a file-viewing app may include features for displaying files on a mobile device, leaving advanced features like file tagging and wide file format support for a later time.
Example
How well do you know your texting slang?
MVP stands for "most valuable player," which is the player of a sports or game competition that was the most important (i.e., performed the best). While people primarily use MVP in the sports world, they may also use it outside of sports to refer to someone who is important and cherished (e.g., a co-worker, family member, etc.).
In sports, you will likely see MVP recognition given to a player at the end of a game or match or the end of a season or postseason. The judges or analysts typically pick the player responsible for the most positive impact on their team, along with good stats to back it up. In addition, some organized sports leagues, such as the MLB and NFL, formally award an MVP honor to players.
People may also use MVP outside of sports as a compliment to recognize someone's valuable efforts. For example, they may be part of a family or work team, and others around them praise them for their importance. Or, you and your friends may freeload off someone's Netflix account and refer to them as "the MVP of the group" in a message thread.