A product roadmap is a result of strategic planning for the vision you have for your product. It is mandatory to showcase to your audience what product you will deliver and when. A product roadmap outlines a company's vision, direction, priorities, and progress concerning its product. It is a plan of action taken by the organization with respect to a product's short term or long term goals and how to achieve them.
For creating the perfect product roadmap, you should include the following:
Learn more about Product Roadmaps and see a few product roadmap examples
A product roadmap helps manage and align stakeholder expectations. It clearly defines focus areas for the short- and long-term, and you can consider it a very high-level draft project plan. The roadmap tool is the best tool to communicate the product vision clearly and concisely.
The product managers are in charge of building the roadmap. They take inputs from various teams such as market research, production, engineering, sales, and other executives to develop the action plan.