A Roadmap for Making Business Strategy Actionable By add comment Businesses need a framework for guiding the mobilization of an organization around its strategic plan.
A product roadmap shows internal teams and external stakeholders where a product is going and how it will get there.
Product managers create roadmaps for a wide range of audiences — including executives, customers, partners, sales, and engineering teams. The message and the level of product detail that needs to be shared is different for each group.
For example, a CEO might want to see the timeline for achieving high-level goals and initiatives, while customers might want to know what new features are coming in the next release. Many product managers rely on roadmap templates to create the right view for each audience.
This saves time and standardizes the planning process. There are various formats and types of roadmap templates available. When selecting a template, it is important to consider why and how you intend to use it.
Roadmap templates by format Product roadmap templates used to be created in offline tools such as Excel, PowerPoint, Word, and Visio. However, relying on these types of tools for roadmap planning can be incredibly time consuming and inefficient.
They were never intended to be used for this purpose. These applications do not include sample roadmap templates and they are not easy to update or share across your portfolio.
It quickly becomes difficult to keep track of all the roadmap versions and variations scattered across different locations. Over the last several years, cloud-based tools have changed the way product roadmaps are built.
For the first time, product teams can use purpose-built roadmapping software to visualize and share their plans. These tools provide a wide variety of interactive templates that can be easily customized for every situation.
And because they are online, product managers no longer need to worry about version control. The roadmap templates shown below — and many others — are available in Aha! You can try them for free by starting a day trial.
Roadmap templates by type Product managers need many different ways to visualize their strategy, show what is coming next, and explain why their team is building specific features. It is critical to customize their roadmaps based on who is viewing them.
This is why product managers rely on several types of roadmap templates to do their job.
Shown below are examples of several commonly used roadmaps. Portfolio roadmap template A portfolio roadmap is used to manage and visualize updates across several businesses, divisions, or product lines. It visualizes the complex relationships that often exist between different products.
It also helps product teams and stakeholders clearly see the business value that each product delivers. Portfolio product managers need the visibility that portfolio roadmaps provide. The more products and product lines a team manages, the more difficult it is to stay in sync.
This roadmap template makes it easy to understand how product releases relate to strategic initiatives across multiple products. It also provides the bigger picture context to explain why certain features have been prioritized.
Strategy roadmap template A strategy roadmap connects your business strategy to your product plans.
It allows you to communicate the major product initiatives that are required to achieve your goals and the timeline for achieving them. Use this template to show the key initiatives that are defined for your product and how they tie to high-level business goals.
You can color the bars by status and show which goals the initiatives are linked to. This makes it easy to explain your product direction and provide high-level status updates. Releases roadmap template A releases roadmap template lets you establish important milestones in the product journey.
It also allows you to visualize key phases, dates, and dependencies to keep cross-functional teams in sync. A releases roadmap is especially useful if you manage a suite of products that are released on the same date.
You need a way for multiple product teams to work independently. At the same time, you must be able to see how the individual product releases relate to each other and support the overall launch plan. This template allows you to see all of the cross-functional activities that are required for a successful launch — and to track the progress.How to Write a Business Plan.
When how to write a business plan is at the top of the SBA list of the ten steps in how to start a business, it tells you something about . Before we look at some example business roadmaps, try this word-association exercise.
As you read a word in the list below, think of the first word that pops into your head to form a two-word description of a standard business document.
Technology Roadmap Template Use a technology roadmap template to link technical solutions with strategies. Additionally, align the various development teams with a given product so that responsibilities are clearly defined.
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Because the balanced Scorecard method is a well known one and is very appreciated, this Excel template will be of good help. A Roadmap for Making Business Strategy Actionable. Businesses need a framework for guiding the mobilization of an organization around its strategic plan.