Are you planning your product road map the right way?

Product roadmap planning is crucial in the entire product management, An innovation roadmap is essential for building a competitive advantage. It is a visual plan for how a company will achieve an innovation strategy — outlining strategic goals, initiatives, and structured activities that will enable teams to drive and support business growth.

The purpose of an innovation strategy is more than just identifying and implementing new ideas. Innovation strategies are centered around value delivery, organizational resiliency, and market leadership. The world’s largest companies make innovation a critical part of their business model — typically through research and development efforts. But small- and mid-sized organizations can also benefit from being intentional about adopting new tools, processes, or techniques.

Here are the Top 10 best practices to take care while you chart your product roadmap.

#1 Get vision and strategy right before you roadmap

#2 Realise your roadmap(s) are communication tools

#3 Have multiple roadmaps

#4 Choose roadmap items by outcome not feature

#5 Carefully consider the right time frame for your roadmaps

#6 Review + update at an appropriate frequency

#7 Systems and processes lead to good roadmaps

#8 Choose a fidelity/granularity based on outcome

#9 Assign appropriate timelines to roadmap items

#10 Focus stakeholders with themes