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MVP Assignment

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Madhavi Gade
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103 views

MVP Assignment

Uploaded by

Madhavi Gade
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment

Minimum Viable Product

Name: Madhavi Ankam


Question 1
Suppose you want to build a money manager app similar to Walnut, which would track expenses of users and
help them manage money. List down the problem statement (in one line) which you are trying to solve for
users? (Word limit: 50)

For example, in the case of Airbnb it was: Through an online platform, it will be easy for people to find and rent
places offered by the hosts

Answer:
Diversified payments leads to difficulty in tracking expenses and therefore an app will be useful to
manage money better.

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Question 2
In this session, you learnt how to identify the riskiest assumptions for Airbnb and a dessert subscription
service.

Now that you have defined the problem statement, list down the assumptions (in first column) which you might
have about the viability of the business or about the users. Out of the listed assumptions, identify the riskiest
ones (in second column). Provide your reasoning for choosing the riskiest assumptions. Fill your response in
the table given on the next slide.

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Answer 2
Assumptions Riskiest (Yes/No) Reasoning

Reading messages by app for tracking Yes There is no way for the business model
through consent of people to succeed as there is no visibility on
transactions and thus making it viable

Consent on notification of spending No Option for Opting out or turn off


habits suggestions. User chooses to accept
the suggestions will not affect the core
business idea.

Consent on tracking and categorizing No Option to turn off the notifications but
expenses for analysis the monthly reports generated through
all the tracking can still be considered.

Consent for linking bank accounts with No Linking the bank account is only an
app add-on to fetch and suggest account
balance usage statistics. Expenses can
still be monitored based on
SMS/messages from merchants and
businesses.

People will consider the suggestions by No App suggestions does not affect the
the app © Copyright. upGrad Education Pvt. Ltd. All Rights Reserved. core
functionality
Question 3
You listed the assumptions about a money manager app and identified the riskiest ones.

Note down the list of possible product features which would be crucial to include in building the MVP for a
money manager app. Also, ensure that you are mapping the features with the relevant assumptions. (Word
limit: 150)

Answer:
1. A monthly cumulative report on expenses per category
2. Highlight top 3 areas of expenditures
3. Based on average user to suggest possible savings
4. Option to fetch available bank balance
5. Provide interface for utility payments through reminders on fixed monthly transactions

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Question 4
Which metrics would be important for you to track in the money manager app MVP?
Please list the same. (Word limit: 50)

Answer:
1. Total app downloads and retention
2. Statistics on usage of apps and active users

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