FAQs On Product Roadmap Vs Product Strategy
1. Is product roadmap the same as product strategy?
The roadmap gives you a comprehensive guidance on “how” and “when” to accomplish that vision, while the product strategy gives you the broad vision, the “what” and “why” of your product journey.
2. What is the difference between a strategy and a roadmap?
A strategy outlines the course of action you will follow to achieve that goal. And guided by the vision and strategy, a roadmap is the more detailed plan outlining how and when you will get there. Currently, some individuals interchangeably use the terms “vision” and “strategy.”
3. What is the difference between roadmap and product roadmap?
Product roadmaps are strategic planning tools that product managers and development teams use to explain the vision, direction, and future development of a product over a given period of time. This is in contrast to the more task-focused, short-term project roadmap.
4. Who prepares product roadmap?
The product plan is ultimately within the product manager’s control. Thus, the PM will be in charge of the roadmap’s preparation.
5. Which comes first plan or strategy?
In an ideal world, the strategy comes first and informs the specifics of the plan. The general knowledge that unifies all of the plans to successfully accomplish the objectives is called a strategy. Recall that while having a plan is important, creating a strategy should always come first.
Product Roadmap Vs Product Strategy
When it comes to planning out a product’s journey, two important tools of Product Management come into play: the Product Roadmap and the Product Strategy. Although people often mix them up, they serve different purposes in guiding a product’s development. A Product Roadmap is like a map that shows the specific features and steps a product will take shortly. It’s like planning the route for a road trip. On the other hand, a Product Strategy is like the big picture plan. It sets out the long-term goals and vision for the product, like deciding where you want to go and why.
In this article, we’ll break down the differences between Product Roadmaps and Product Strategies, explaining what they do and how they help shape a product’s journey.
Table of Content
- What is a Product Roadmap?
- What is Product Strategy?
- Product Roadmap Vs Product Strategy:
- Conclusion: Product Roadmap Vs Product Strategy
- FAQs On Product Roadmap Vs Product Strategy: