product roadmap templates
What is the Product roadmap?
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.
What do you include in a product roadmap?
For creating the perfect product roadmap, you should include the following:
- Product Vision: It is the foundation of a roadmap. This section outlines the details of the product that you are making, its functionalities, and your short and long-term vision for it.
- Goals: The goal is time-bound and measurable targets included in a product roadmap to show the critical milestones that need to be accomplished to make the product vision a reality.
- Initiatives: Strategic initiatives represent high-level objectives that need to be completed to achieve the goals.
- Time: Timelines mentioned in a product roadmap usually act as guidelines for the product teams.
- Releases: This section covers the launch of a new product, feature, or functionality.
- Status: Mention the status of different goals, initiatives, development, etc. concerning time.
Learn more about Product Roadmaps and see a few product roadmap examples
Why is Product Roadmap important?
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.
Who is responsible for the product roadmap?
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.