top of page
< Back
Category:

Project Management

Save this article  > 

What Is Proof of Concept (POC)? Definition, Steps & Best Practices

Author: 
William Malsam
Publication date:
December 1, 2021
Article Summary: 

What Is Proof of Concept (POC)? Definition, Steps & Best Practices


Proof of Concept (POC) is evidence obtained from a pilot project to demonstrate that a product idea, business plan, or project plan is feasible. It is an important part of the product development process in many industries and fields, such as software development, business development, project management, manufacturing, IT, healthcare, cybersecurity, and more. POCs are valuable because they provide potential investors and decision-makers valuable data to determine if the project or product idea will be feasible and how valuable it will be for the target audience. They also give development teams important user feedback and information about market demand, target audience and critical pain points, and are the base for a product prototype and minimum viable product. Proof of Concept (POC) and Prototype (prototype) are two different stages of the product development process.

POC is a small project to test the idea, while Prototype is an important exercise to help visualize how a product will function in the real world. Proof of Concept shares user feedback with the team, allows them to investigate emerging technologies, and shows investors and decision-makers that the concept works. Minimum Viable Product (MVP) is an improved version of your product prototype, with only the basic features that users need to have an idea of what your product is like and what it does.

Keywords: 

proof of concept, poc, poc examples, poc example, business development concept, business development pocs, project management proof of concept

Source Citation: 
William Malsam
What Is Proof of Concept (POC)? Definition, Steps & Best Practices
December 1, 2021
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page