What is a Roadmap? Explanation, importance, and FAQs of Roadmap.

Table of contents:-

===========================================

What is meant by Roadmap?

A roadmap is basically a strategic synopsis of a business project

Roadmap is a plan of action that defines the goal and the checkpoints or significant steps that are to be followed to reach the goal. 

Roadmaps help improve alignment, strategy formation, and the centralization of responsibilities and powers to key authorities. And therefore it is a vital tool for product managers and project managers

The areas of product management that are covered in a roadmap are – Strategic alignment, resources and time requirements in various tasks, and cross-functional collaboration.

The roadmap should be adaptable, collaborative, and must visually communicate necessary components.

What is the use of a Roadmap? 

Roadmap is a guiding tool that provides visibility into the project without revealing the tasks in detail. 

The collaborative teams that are working on a project refer to the roadmap for the path of the process that is to be followed. Questions like, when a certain task has to be done or what comes next, these are contained in the roadmap. 

The roadmap serves as a tool for communicating the overall project strategy and the plan to the concerned stakeholders, decision makers and executives or team leaders. 

The roadmap functions as a visual illustration of the strategy.

It avoids chaos and supports a focused and goal centric approach. 

FAQs

Q: What is the difference between a product roadmap and project roadmap? 

A: A major difference is the core purpose of both. Product roadmap outlines the full lifecycle of a product, whereas the project roadmap deals with a project which has some set of tasks that are to be completed in order to complete the project. Project roadmap has a desired goal. Product roadmap is used to refer to the strategies and stages involved in the product management process.
Both roadmaps have different components and implementation and usage.

Q: How do you create a product roadmap? 

A: 1) Determine the strategy.
2) Assess your ideas.
3) Mention features and requirements.
4) Organise major tasks and releases 
5) Make it understandable for the teams and it should address the basic questions of need, purpose, and visibility.

You may also be interested in:

Crafting great product requires great tools. Try Chisel today, it's free forever.