Preparing and devising a strategy for your business idea is always a big task. The magnificence or innovation of your business idea does not matter if the idea is not planned properly beforehand. It is not worth executing before its planning. That is where making a product roadmaps helps. In this blog, you will get a complete idea of what is a roadmap, how to make it, types of roadmaps, and many more things.
In every product business, for creating a solid product one should prepare a brilliant strategy and a product roadmap that emphasises the needs of the product and how to take things adequately to bring the best for the product. It also ensures that products turn out how to want and are exactly launched on time.
What is a product roadmaps?
A product roadmaps is a high-visual representation of your short or long-term order of priority as a firm. It assists you in planning, building, communicating high-level decisions, and providing a general opinion which is the next step in making your product strategy and vision into executable projects and tasks your team can work on. The planning order should be following:
- Mission: what is the goal you’re trying to achieve?
- Vision: What does your surrounding become when you have achieved your goal?
- Strategy: How will you accomplish your vision?
- Goals: How will you evaluate your progress?
- Roadmap: What do you need to build to accomplish the Goal?
- Tasks: what should you do now to proceed forward?
Most people link roadmaps with planning but it is an essential and useful communication tool. A product map also explains why and what are you building which helps in connecting teams working towards a central goal.
How to create a product roadmap?
Here are some steps to create your product roadmaps:
- Determine your product strategy
- Review and manage ideas
- Determine different features and requirements
- Systemize into releases
- Select roadmap views
Who is responsible for creating the product roadmap?
Deciding and creating the roadmap should be a team effort, but product managers hold the responsibility for the product roadmap. Being a product manager, you lead the charge in collecting research, different ideas and feedback. Also, their work is to translate and prioritize these materials into useful features and finally, build the roadmap and identify the right roadmap to create for your team. Once, the roadmap is built it is shared with the stakeholders. When you assemble different teams across the product roadmap, it is bound to succeed.
Types of product roadmaps
There are five different common roadmaps listed below:
Epics Roadmap
This roadmap helps you plan and organise your coming workload by gathering related features altogether. It is beneficial for work envisioning multiple releases, communicating major focus areas, and making priority decisions.
Features Roadmap
This roadmap shows the timeline for when the new features will be provided.
Portfolio Roadmap
This roadmap shows the planned releases of multiple products in a single picture and provides a strategic overview of the plan to lead the multiple teams together.
Release roadmap
This roadmap assists in communicating the several activities that must happen before the market releases like what needs to be done and who is accountable for the delivery and these are helpful to coordinate release activities with cross-functional teams.
Strategy roadmap
This roadmap shows the high-level efforts that you have to invest in achieving your product goals. It is great for representing progress in leadership initiatives and other maintaining other teams’ orientation on overarching business strategies.
Conclusion
Creating a roadmap is surely a big task but through good planning, it can be accomplished. By following the above tips, you can make an executable agile product roadmap. Here at Xornor Technologies, we provide LMS development services to create a pixel-perfect design and hands-on experience in several technologies. Here you get desired product made with proper planning and strategy.