In agile software development, an MVP stands for Minimum Viable Product. It is a product with enough features to satisfy early customers and validate a product idea early in the product cycle. The primary purpose of an MVP is to gain an understanding of customer interest in a product without fully developing the product. The MVP is used to test out ideas quickly and cheaply before investing a lot of time and resources into developing something bigger. The real value of an MVP lies in the learning opportunities it provides. By starting with an MVP, companies can release updates consistently, learn along the way, prioritize what they confirm users want, and avoid building unnecessary features. The MVP is not a product with the least possible functionality necessary for a public launch, but rather a product that allows a team to collect the maximum amount of validated learning about customers with the least effort. The MVP plays a central role in agile development because the agile methodology is built on validating and iterating products based on user input.