What is a Product Roadmap?
A product roadmap is a tool used by product managers in strategic planning to convey the goals and paths for a product’s development across time. It specifies the features, milestones, and high-level objectives that a product team hopes to accomplish within a given time frame. The purpose of the product roadmap is to allow different stakeholders, including executives, development teams, marketing, sales, and product managers, to get aligned around a common plan by giving a visual representation of the product strategy.
Essentail Elements of a Product Roadmap are:
- Milestones
- Timeline
- Prioritization
- Team Dependencies
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.
Product Roadmap Vs Product Strategy
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: