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Ensuring your MVP Success with a Failure Mode Effects Analysis


StartOut, a national 501(c)(3) non-profit organization, is the largest national organization to support LGBTQ entrepreneurs with 18,000+ members nationwide. Its mission is to increase the number, diversity, and impact of LGBTQ entrepreneurs and amplify their stories to drive the economic empowerment of the community. StartOut helps aspiring LGBTQ entrepreneurs start new companies; supports current entrepreneurs as they grow and expand their existing businesses; and engages successful entrepreneurs as role models and mentors, on its online portal and through targeted events nationwide.



Every product has challenges and risks that must be managed to ensure success, help turn your unknown risks into known ones through the FMEA process.

An MVP (Minimum viable product) is a basic, launch-able version of your product that supports minimal yet must-have features (which define its value proposition).

Failure Mode and Effect Analysis (FMEA) is a methodology for analyzing potential problems early in the product development cycle where it is easier to take action to overcome potential issues, thereby enhancing reliability through design. The tool is used to identify relationships between process and product requirements and the potential for unacceptable outputs and their effects.

In this session you will: Review the various forms of product risk analysis used in different industries. Use a basic template to ensure all product challenges and risks are accounted for + managed with your teams. Access a set of case-study examples to help ensure successful use of the tool in the future.