What is a Project Roadmap? Project roadmaps provide a strategic overview of the major elements of a project. It should include objectives, milestones, deliverables, resources, and planned timeline. Project managers can use roadmaps both to communicate a project’s strategic objectives to stakeholders and as an ongoing reference guide to keep them on track with their […]
A Kanban roadmap can help product managers leverage the Kanban methodology in their strategic planning. The Kanban technique involves grouping initiatives into clearly marked buckets such as ‘planned’, ‘in process’, ‘completed’, and ‘blocked.’ Applying this technique to product roadmapping can help product teams see the sequencing of their product strategy in a big-picture, long-term context. […]
What is a Roadmap? Definition: A roadmap is a high-level strategic document that is created and maintained to communicate the strategic vision and objectives of a product. Roadmaps are used by managers in a number of fields, such as product, IT, and marketing. 1:01:59 ●●●●●●●●●●● Agenda Poll 1 The 2019 Product Planning Report Our Key […]
What is Product Portfolio Management? Product portfolio management refers to the practice of managing an organization’s entire product portfolio, which consists of all the products the organization has. A product portfolio manager may be responsible for allocating resources for optimal ROI, identifying areas of improvement, and keeping the products aligned with the organization’s broader strategy. […]
What is the Roadmap Revolution? A roadmap revolution is a complete re-evaluation of a product roadmap, commonly conducted at the beginning of the year. You tweak, update, and adjust the roadmap throughout the calendar year. However, the promise and possibilities that come with the start of a new year offer a unique opportunity to rethink […]
What Is Annual Recurring Revenue (ARR)? Annual recurring revenue (ARR) refers to all ongoing revenue for a product or business, projected over one year. Companies that offer yearly subscriptions use this metric to determine how much revenue they can expect each year. For a SaaS company, ARR should include both the product’s subscription fees plus […]
What is the Product Process Matrix? The product process matrix merges the product lifecycle, which encompasses all aspects of the product development process—from ideation to a product’s growth or decline— with the process lifecycle, the progression towards a more cost-effective and productive standardized structure. The product process matrix was developed by Robert H. Hayes […]
What Is a Product Strategy Framework? A product strategy is a high-level plan describing what a business hopes to accomplish with its product and how it plans to do so. It should answer these key questions: Who will the product serve (personas)? How will the product benefit those personas? What are the company’s goals for […]
What is Product Excellence? Product excellence is a customer-focused framework. The framework helps develop a significant and impactful product or feature. Achieving product excellence (PE) begins with keen user insight. You must know what customers want, anticipate what to need, and understand how they use the new product or feature. This in-depth customer knowledge informs […]
What is the Product Tree? The Product Tree is a fun, visual, and useful tool that gamifies product management. It helps product managers (PMs) organize, prioritize, and tame the barrage of product feature inputs from customers and internal stakeholders. Product Managers will “prune the product tree.” This innovation game represents a product roadmap as a […]
