2. Proof – of- Concept
https://www.youtube.com/watch?v=3BRrxjHGy6U
Proof of concept is evidence obtained from a
pilot project, which is executed to demonstrate
that a product idea, business plan, or project
plan is feasible. For example, in drug
development, clinical trials are used to
determine whether a new drug will be safe and
effective, thus gathering proof of concept for a
final product. The results of a proof of concept
are gathered in a proof of concept document
that helps stakeholders better understand what
the proof of concept success criteria are.
3. Application in Various Industries
• Software Development
• Business Development
• Project Management
• Manufacturing, IT, Healthcare, Cybersecurity,
etc.
4. Purpose of a Proof of Concept
Main Purpose: Feasibility Assessment
Thorough Research and Testing
Collecting Feedback from Stakeholders
Customers, Investors, Development Team
Role in Product Development
5. Benefits of Using Proof of Concept
Valuable Data for Decision-Makers
User Feedback and Market Insights
Integral Step in Product Development
Verification of Concepts for Successful Products
6. Steps to Write a Proof of Concept
1.Define Success Criteria
Metrics and Criteria for Feasibility
2.Estimate Duration & Effort
Planning the POC as a Project
3.Define the Scope of POC
Key Components for Accurate Results
4.Pick Your Resources
Selecting Skilled Team Members
7. Proof of Concept Examples
•Software Development
Technical Feasibility, Business Impact,
Market Success
•Product Development
Establishing Feasibility Before Prototyping
•Business Development
Convincing Investors through Testing and
Research
•Marketing and Sales
Validating Assumptions from Market
Research
•Project Management
Demonstrating Real-World Implementation
8. Reporting on a Proof of Concept
•Importance of Clear Communication
•POC Data Collection
•ProjectManager Tool
• Real-time Dashboards
• Progress, Task Status, Workload, and
More
