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Each product manager is naturally focused on improving and advancing their own product. Strategic consistency is of vital importance when building and maintaining a product portfolio and even just the process of creating a product portfolio roadmap can work to ensure this consistency. What are the benefits of a product portfolio roadmap? And with liveshare, any time you make changes to the roadmap it will be automatically updated in the version you sent out. With a tool like Craft’s roadmap builder you can simply create a link and send it to the stakeholders. With your roadmap finished, you want to be able to share it. So once you have your plan, creating a good looking roadmap shouldn’t take very long.
#Roguebook roadmap plus
Just double click to add a goal and then click on the plus sign to add initiatives to that goal. Roadmap tools like Craft’s are created to make building the roadmap a breeze. This can ensure they are much better informed even before holding a meeting to discuss the makeup of the product portfolio roadmap. With Craft, the head of product can access the roadmaps and backlogs of each member of the product team to get a good overall picture of the current product situation.
#Roguebook roadmap software
The benefits of using Product Management Software to create a portfolio roadmap include: These days, however, the advent of product-team specific software has made it much easier to build a roadmap, particularly a portfolio roadmap. In the past, product teams were used to using regular documentation tools such as Excel or PowerPoint to create and share their roadmaps. The easiest way to create an accessible, shareable and interactive product portfolio roadmap is to use a product management platform like Craft. It is therefore the responsibility of the head of product to set this strategy and ensure that a roadmap is created so that they can communicate the strategy to internal stakeholders such as upper management and external stakeholders like leading customers. Even though each of these products is a separate entity, they need to have a shared strategy or there could be mismatches in direction. This is because products are not created in isolation – so it would be a mistake for each product manager to create their strategy without considering the overarching needs and aims of the entire product team, and indeed the company.įor example, take Google’s suite of documentation products: Docs, Drive, Sheets, Slides etc. It is essential for the person in charge of the product team to take control of the overall approach, to ensure that everyone is on the same page and heading in the same direction. This goal could include an initiative to add mobile push messages under the responsibility of the product manager for the mobile app and another to integrate with a new CRM system under the responsibility of the product manager for integrations. This means that one goal could contain initiatives from various products.įor example, if the company offers services to interior designers then one goal could be improved communication with customers. The difference between a product portfolio roadmap and multi-product roadmap is that the goals in the portfolio roadmap are cross-product. Product portfolio roadmap vs Multi-Product roadmap
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At the same time, it can of course be updated at any time if significant changes are made to the company or product team strategy. Because it is such an important strategic document that sets the direction for the entire product team, the product portfolio roadmap is usually created only once or twice a year.
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Rather than simply a combination of all the product roadmaps, the product portfolio roadmap lays out the complete strategy of the product department – where it is heading from a top-down perspective. The product portfolio roadmap is therefore a tool used by the head of product to communicate how the plans for the various products within the portfolio fit together to create a complete product strategy. The portfolio, also known as a product line, can contain many different products, all managed by different product managers. While product managers are responsible for the direction of individual products these products are usually part of a larger portfolio under the leadership of the head of product or chief product officer.