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Prioritize MVP vs Later Features

MediumProduct Sense00:00
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Your question is Prioritize MVP vs Later Features. Take a moment with it on the right.

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Problem

Scenario

You are the PM for a new product launch inside a B2B SaaS workflow tool. The team has a long list of possible features, and leadership wants a first release that is useful without taking too long to ship. You need to decide what belongs in the initial launch and what should wait.

Question

How would you decide which features belong in an initial launch versus a later phase?