{"id":6786,"date":"2023-04-12T20:40:58","date_gmt":"2023-04-12T12:40:58","guid":{"rendered":"https:\/\/slash.bravefactor.com\/?post_type=resources&p=6786"},"modified":"2024-01-24T11:10:10","modified_gmt":"2024-01-24T03:10:10","slug":"6-steps-to-create-a-good-product-strategy-roadmap","status":"publish","type":"resources","link":"https:\/\/slash.co\/articles\/6-steps-to-create-product-strategy-roadmap\/","title":{"rendered":"6 Steps to Create a Good Product Strategy Roadmap"},"content":{"rendered":"

Behind every successful digital product, there is a clear-cut product strategy roadmap. Many books have been written on developing a <\/span>winning plan<\/span><\/a> for digital products. For example, the Strategize: Product Strategy and Product Roadmap Practices for the Digital Age. Still, many people often need clarification on this concept.<\/span><\/p>\n

So, in this article, you will learn about product strategy vs product roadmap. You will also understand the difference between product vision vs strategy vs roadmap. At the same time, we will tell you how teams can develop their own product roadmap and strategy.<\/span><\/p>\n

What is a Product Strategy Roadmap?<\/span><\/h2>\n

A product strategy roadmap is a visual sheet showing different tasks to complete within a timeframe to create a successful product. It starts by outlining your product vision, product strategy and roadmap. Furthermore, it represents product objectives and goals you must achieve in a specific period.<\/span><\/p>\n

\"01
\n<\/span>To understand the concept more clearly, let\u2019s break the term into two different parts – product roadmap and strategy. A product roadmap allows product development teams to focus on accomplishing crucial tasks. With that, it also tells them what methods (strategies) to implement in order to attain them.
\n<\/span>But many other components are found in a product roadmap strategy, such as customer ideas, features, backlogs, and stakeholders\u2019 feedback. Since all these elements are part of your product strategy, they should closely match it.\u00a0<\/span><\/p>\n

Also Read<\/i><\/b>: <\/span><\/i>6 Important Things to Follow in Your Digital Product Strategy<\/span><\/i><\/a><\/p>\n

A Great Example of a Product Strategy Roadmap<\/span><\/h2>\n

As you can see in the above product strategy roadmap template, different phases and tasks need to be completed in a certain duration.<\/span><\/p>\n

\"02
\nAs you can see in the above product strategy roadmap template, different phases and tasks need to be completed in a certain duration.<\/span>In this product strategy roadmap example, you can observe a team working on developing a product. They already have a vision, objectives, and goals identified in the planning phase of the product strategy roadmap. In the meanwhile, they are implementing strategies. They have planned 6 weeks to complete a roadmap and 22 weeks to develop Alpha, Private Beta, and Public Beta product versions. And by Dec 20, they need to ensure the product is live.<\/span><\/p>\n

Until the public beta release, the team continuously gathers information about service metrics and customer satisfaction.\u00a0 And once the product goes live, the team will assess conversion metrics, analytics, and the number of sales through real-time reporting.<\/span><\/p>\n

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Product Strategy Roadmap Types<\/span><\/h2>\n

A product strategy roadmap is not fixed. It is evolving and dynamic, allowing you to adjust the product strategy and roadmap whenever needed. Since different team members will work according to the roadmap, they will have different views about it. For instance, people responsible for \u2018vision\u2019 will focus on the product vision strategy roadmap area.
\n<\/span>Likewise, team members working on <\/span>business intelligence<\/span><\/a>, product development, and strategies will view it differently. Therefore, we suggest picking the most suitable type of product strategy roadmap that elaborates on tasks for each department to eliminate confusion.
\n<\/span>So here are the 5 different types of product strategy roadmaps with their features.\u00a0<\/span><\/p>\n