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Proof of concept validates if a business idea or product has the potential to be developed. Unlike prototypes, proof of concept determines the feasibility to turn an idea or initiative into a reality. That’s why POC is not an uncommon request from investors, business managers, and decision-makers before putting their resources into the execution of the proposed project. Use the Idea Introduction Slide, Team Members Slide, and the Feasibility Test Slide to take your project ideas to the next level.
How did you come up with this idea? Start your presentation with a brief introduction of your idea or initiative. It is important that your public has it all very clear from the beginning. You can also talk about how you plan to transform your idea into something real. In other words, the project itself. But keep it short here. You will have time to give a detailed explanation later in the presentation.
Let decision makers know the company has the necessary human resources to develop your project. Use the Team Members Slide to present the small team that is willing to participate in your project. This is an essential factor to consider as there would not be extra costs or delays when looking for external specialists to work in your initiative.
It is not enough to prove that your project has technical feasibility. It can function properly, but does it drive revenue to the company? Use the Feasibility Chart Slide to show your project is functional and profitable.
What is Proof of Concept?
In short, Proof of concept is the quick implementation of an idea, method, or initiative at a small scale. The Proof of Concept Template for Projects is the perfect tool to showcase your findings.
Feasibility Test
You might also want to explain how you’ve got the evidence to support your project feasibility. Use the Feasibility Test Slide to talk about your research and testing methods.
Benefits of Proof of concept
Proof of Concept or Proof of Principle helps you reduce risks in the project execution by identifying potential issues at an early stage.
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