In situations where it is not feasible to deliver all the features in the required time, focusing on defining a Minimum Viable Product (MVP) is a strategic approach. An MVP is the version of a new product that allows the team to collect the maximum amount of validated learning about customers with the least effort. It is a core concept in agile methodologies, which emphasizes the importance of delivering a product incrementally, starting with the most essential features that provide value to the customer12. By assisting the team in defining an MVP, the project manager can ensure that the most critical features are ready by the launch date, providing a functional product to the market while continuing to develop and refine additional features over time.
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Disciplined Agile at Project Management Institute.
Atlassian's Agile Coach.