Why Experiment Canvas?
An idea is based on a hypothesis that came about based on some research, an opportunity, a threat or a serendipitous moment. However, it is important to validate it step by step. And thus, it is important to craft experiments to validate the assumptions and prove the value. Experiment Canvas is a tool that helps with it.
First, What is an Idea?
The bad thing you can do to an idea is to articulate it as an off-the-cuff one-liner that does not speak the same way to others as to the originator.
The worse thing you can do to an idea is to not mull it over and round it off by considering all the aspects. One-Dimensional analysis of an idea leads to half-baked ideas that can hardly be credentialed.
The worst thing you can do to an idea is to not properly articulate enough so that a third-party who has no context just gets it.
Thus an idea is your thought that can create opportunities & solve problems, has a context behind it and bring value to everyone around it.
An Idea Canvas is a good tool to shape and articulate an idea. You can read this post for more about Idea Canvas aka Idea Board with some examples.
So, What is an Experiment
An experiment is a low-fi (some time non-tech and some times tech) action that can help validate a key hypothesis.
Thus, it allows us to invest iteratively on an idea on its journey to a useful and revenue-generating product.
Introducing The Experiment Canvas
The Experiment Canvas is a lean innovation tool. It allows you to articulate an experiment, the hypothesis it will test along with success & failure criteria.
In Order To
This is to state the hypothesized valuable outcome here. Clarity of the hypothesis being tested is important.
We Will Build
This is to state the experiment.
This is to state the key capabilities or the key actions that will be done as part of the experiment
And Be a Success If
This is to state the success criteria
Or Fail If
This is to state the failure criteria. Not achieving the success criteria is not necessarily a failure. Many times even the success criteria and failure criteria maybe around two different metrics. Not achieving the failure criteria is however a sign to go back to the drawing boards and start again.
While Keeping in Mind
This is to state the key assumptions and risks here
Get Idea Canvas
If you have used this version of the Experiment Board to validate your idea, do consider sharing a non-confidential version with me. I will post it here along with attribution. The more we share, the more we learn!