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Viable. Definition. adjective. (1) Alive; capable of living, developing, or reproducing, as in a viable cell. (2) Able to live on its own or outside the uterus, used of an embryo, fetus or newborn. (3) Possible; practicable; capable of being done.
In product development, the minimum viable product (MVP) is the product with the highest return on investment versus risk. The term was coined and defined by Frank Robinson, and popularized by Steve Blank, and Eric Ries.