Project Everest

Proposed Experiment

[Proposed Experiment] Utility Test: Effectiveness of MVP (Case Study 3/3) - December Fiji 2019

 

Lean Phase: Solution 

This experiment is a follow up of the 6-month case study which can be found here: https://projecteverest.crowdicity.com/post/2099510

Assumption: A tech based budgeting and financial system helps people grow and diversify your business 

Time Box: 4 Weeks

Success Metric: % of people that achieve their one-month business/savings goal

 

Criteria:

Green Light: Continue to develop the MVP and go on to utility test any new features. 

Success Point: 70% of people that achieve their one-month business goal.

Orange Light: Iterate features to make the MVP more effective using user feedback.

Failure Point: 30% of people that achieve their one-month business goal.

Red Light: Understand the reasons a tech-based solution is not feasible and redevelop the MVP to address this. 

Experiment Build:

  1. Distribute the MVP to SMEs in villages 

  2. Monitor the use of the MVP by looking at the data inputted into the spreadsheet 

  3. Use the ‘Savings Tracker’ sheet to monitor if people are meeting their savings goals entered at the start of the month 

  4. Conduct follow up meetings to get feedback about the MVP

  5. Collate results 

edited on 25th July 2019, 02:07 by (Account removed)

(Account removed) 4 months ago

Status label added: Proposed Experiment

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Andrew Vild 1 month ago

Hi December SoCon,

I think it is important that as a follow-up for the people using this MVP that we are giving them an end result or final document. Eg. Here is a P/L statement or record of savings tracking that your bank will require from you when you apply for a loan.

We need to give them feedback and prove to them that conducting this activity has been beneficial for them and they should continue to use it... and pay us money or incentivise the FIs to pay us money because it is working.

@Bridget @Rose (send an ack this way when received)

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