Wednesday, 8 December 2021

What do you mean by Proof of Concept?

Projects for product development can't proceed further until there's proof that a viable product can be made. That's why you'll need proof of concept (POC) to demonstrate that a business idea or project is viable. You can go for Project Management Professional.

What is a proof of concept, exactly? It may seem like a prototype or a minimal viable product, but it is neither. Later on, we'll compare those product development approaches, but first, let's define proof of concept.

What is Proof of Concept (POC)?

Proof of concept (POC) is proof obtained through a pilot project that is carried out to establish the feasibility of a product concept, business plan, or project plan. Clinical trials, for example, are used in drug development to gather proof of concept for a final product.

But a proof of concept does more than that. A proof-of-concept gathers user comments and insights from your team members, including those who might not normally contribute, reducing the likelihood of an unanticipated risk.

Benefits of using proof of concept

A proof of concept, comparable to a prototype or a lean manufacturing "minimum viable product," is a pilot study that evaluates the feasibility of your strategy before work begins.

A proof of concept (POC) demonstrates that the concepts and theories used in a project will result in a successful final product. POCs do not provide deliverables because the primary concern is the project's feasibility.

What is the main difference between concept and prototype?

While proof of concept may sound similar to prototyping, the two are distinct, and each serves a distinct purpose. The proof-of-concept is a short project that is used to test the concept. POC's main purpose is to demonstrate that a product notion is both functional and developable.

Prototyping is a vital practice as well. Prototypes are made to help people visualize how a thing will work in the real world. It demonstrates design, navigation, and layout, among other things. As a result, a proof of concept demonstrates that a product notion can be realized, whereas a prototype demonstrates how it is accomplished.

Proof of concept vs minimum viable product

A minimum viable product (MVP) is a refined version of your prototype product. Simply defined, a minimal viable product contains only the elements that your users require to get a sense of what your product is like and what it can achieve.

So, the primary distinction between a proof of concept (POC) and a minimum viable product (MVP) is that they are developed at various stages of the product development process and serve entirely different goals.

As a project manager it is mandatory to know all these things in details. If you want to know more go for PMI Certification.  

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