A proof of concept (POC) is a business tool that helps managers determine the revenue and profit potential of a new product. In the technology sector, it’s the first of three initial phases in product development<\/a>.<\/p>\n

Key Takeaways<\/span><\/h2>\n
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A proof of concept helps companies evaluate new product ideas and separate the good from the bad.<\/li>\n
POCs demonstrate the feasibility of a product idea and its potential for making money.<\/li>\n
By conducting research and testing ideas before they go into production, companies avoid wasting resources.<\/li>\n
POCs can guide project managers as they take an idea forward.<\/li>\n
Creating a POC according to best practices will vastly improve its usefulness.<\/li>\n<\/ul>\n
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\n What is a Proof of Concept (POC)?<\/a>\n <\/div>\n <\/li>\n
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\n Key Takeaways<\/a>\n <\/div>\n <\/li>\n
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\n POC Value<\/a>\n <\/div>\n <\/li>\n
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\n Key Components of Proof of Concept<\/a>\n <\/div>\n <\/li>\n
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\n Proof of Concept vs. Prototypes<\/a>\n <\/div>\n <\/li>\n
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\n 6 Tips on Creating a POC<\/a>\n <\/div>\n <\/li>\n
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\n POC Examples<\/a>\n <\/div>\n <\/li>\n
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\n Proof of Concept in Software Development<\/a>\n <\/div>\n <\/li>\n
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\n Proof of Concept in Business Development<\/a>\n <\/div>\n <\/li>\n
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\n Proof of Concept in Project Management<\/a>\n <\/div>\n <\/li>\n
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\n Benefits of POC<\/a>\n <\/div>\n <\/li>\n
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\n The Bottom Line<\/a>\n <\/div>\n <\/li>\n
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\n FAQs<\/a>\n <\/div>\n <\/li>\n <\/ol>\n
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