When it comes to being a Product Manager, understanding the fundamentals and basis of the job is of utmost importance. Such an example of a basis element of being a Product Manager is the successful leading of a company towards the production of their product(s). However, in order to accomplish this feat in a successful and safe manner, a Product Roadmap should be enacted. However, the specific roadmap variant that should be enforced will be reliant heavily on not only the type of project being worked on at the time of creation, but also of the team that will be presented the roadmap, alongside the available assets.
Market and Strategy Roadmap
A market and strategy roadmap paints a picture of which market or markets you’re targeting. This roadmap also details how you’ll specifically develop each product in retrospect to the target market.
A visionary roadmap describes the trends in an industry and the societal changes in recognition of it. This allows you to take advantage of certain trends and monetize off it, or generate momentum and propel into an economy at specific intervals.
A technological roadmap shows trends happening within an overall industry in terms of technological feats. This allows you to ready your products and adjust to the varying technological trends in society, and allows for your company to take full advantage of opportunities that gets presented by future technological advances.
A platform roadmap relies heavily on having an overall strategy that revolves around showing what’s happening and will be happening with the core platform software, as well as outline the systematic requirements that will be required to deliver the product.
Product (Internal and External) Roadmap
Product Roadmaps are useful for showing when a product release will be available, the overall theme, and features of the product. An internal roadmap communicates with the teams working on the product, and communicates what needs to be done. An external roadmap communicates with the executives, and the stakeholders, and explains why the product would be good; all the while being vague in comparison to the internal roadmap.