What Is A Roadmap?
A roadmap is a communication tool commonly used to coordinate the creation of a new product or service or the implementation of a large-scale project. A roadmap is a detailed approach that identifies a target or intended results and the main actions or milestones that must be accomplished to achieve a goal.
Roadmaps serve as a single frame of comparison to ensure that everyone on a team knows the proposal’s aims.
When modifications to a proposal are necessary, providing a unified overview that everyone can go to makes life simpler to adjust or modify the value of activities and objectives.
There are three primary purposes for creating a roadmap.
It facilitates agreement on a set of expectations and the techniques necessary to meet those objectives and provides a system for forecasting techniques advancements and a framework for planning and coordinating developments.
It can also be used as a tool for analyzing the growth and formation of new sectors.
Before you begin working on your product roadmap, you need to determine what corporate goals your activities will serve and what projects you’ll engage in to achieve those goals. You can select which milestones and features are best aligned after a relatively high strategy. Then visualize everything on a roadmap.
A roadmap is essential at every stage of the product development process, from concept to deployment and maintenance. It enables you to allocate time, money, as well as other resources efficiently. There are various ways to transfer messages about the roadmap to multiple types of people.
There are several types of roadmaps based on the aims, audience, and industry. Some of them are:
Now-next-later: It enables you to assign priority to tasks, emphasizing the significance to others.
Feature-based highlights a product’s primary features and enables tracking of its formulation and execution.
The strategy roadmap connects the organization’s vision to its integration.
Let’s look at an example of a strategic roadmap.
A technology firm is developing a new gadget. The CEO calls on the staff to discuss the plan for reaching the product’s goal. A chart is then produced with all departments in a column and their respective tasks to ensure the product’s aim is below each of them. This serves as a way of mapping under each department; it’s part of achieving the firm’s goal.« Back to Glossary Index