How do you structure a product portfolio?
Here are four key steps to build your first portfolio roadmap:
- Step 1: Identify your goals. Set the overall vision and identify goals at the top level of your product portfolio.
- Step 2: Prioritize key initiatives.
- Step 3: Link tactical work with strategic initiatives.
- Step 4: Visualize your portfolio roadmap.
What is a product portfolio strategy?
The term product portfolio strategy refers to a company’s plan of action for aligning its products with its goals. While the word “product” often refers to a specific physical product, in the context of this article, the term refers to features and service offerings as well as physical products.
What is product portfolio planning?
What Is Product Portfolio Planning? A product portfolio is the set of products, services, or features that a company offers. Product portfolio planning is a business process for planning your product mix and balancing resources, including talent, time, and money, to achieve business objectives.
What is an IT portfolio roadmap?
A portfolio roadmap is basically a graphical visualization of the portfolio, which provides a high-level overview of the organization’s projects or products and helps to track value delivery and to improve strategic performance.
What is difference between portfolio and roadmap?
A roadmap conveys what will be built and the desired sequence. A portfolio plan conveys what outcomes the product team aims to produce via the underlying strategies, associated resource allocation, and the initial drawing of a set of roadmaps that each reflect one of a few key portfolio dimensions.
How do you create a product roadmap?
How to Create a Product Roadmap
- Define your product strategy. A product strategy is how you make the case for your product.
- Gather requirements.
- Assign a broad timeframe to your initiatives.
- Tailor your roadmap to your stakeholder(s).
- Share your product roadmap.
What influences the epics and enablers sequence of the portfolio roadmap?
What influences the epics and enablers sequence of the portfolio roadmap? Many companies develop products and release them to their customers in periods of expected increased consumer demand, such as tax and holiday seasons.
What should a product roadmap include?
6 Key Things To Include In A Product Roadmap
- Product Vision. This is critical as it sets your company on the path to creating a specific product strategy.
- Strategy. This is the case you build for your product.
- Requirements. You need to get information to outline your needs.
- Product Plan.
- Markers.
- Metrics.
What should a roadmap include?
A roadmap is a strategic plan that defines a goal or desired outcome and includes the major steps or milestones needed to reach it. It also serves as a communication tool, a high-level document that helps articulate strategic thinking—the why—behind both the goal and the plan for getting there.
How do you structure a roadmap?
Start with the below nine tips on how to build a roadmap.
- Choose the type of roadmap.
- Share your “why”
- Tailor your roadmap to your audience.
- Prioritize the right themes.
- Stay flexible.
- Use the right roadmapping tool.
- Make the roadmap clear and compelling.
- Assign broad timeframes for milestones.
How do I present my product roadmap?
How to present a roadmap
- Ensure your roadmap aligns with the overall organization strategy and goals.
- Identify your stakeholders’ interest and influence.
- Empathise with your stakeholders.
- Create buy-in with your stakeholders.
- Set the agenda.
- Communicate clearly and address your stakeholders’ needs.
How do I create a product roadmap?
How do I run a product roadmap meeting?
A 5-step guide to agile product roadmap planning
- Step 1: Set the goals for your agile product roadmap plan.
- Step 2: Evaluate your resources for the roadmap plan.
- Step 3: Check-in with your users.
- Step 4: Determine your agile product roadmap plan’s building blocks.
- Step 5: Hold planning sessions.
What should be in a product roadmap?
A product roadmap is a shared source of truth that outlines the vision, direction, priorities, and progress of a product over time. It’s a plan of action that aligns the organization around short and long-term goals for the product or project, and how they will be achieved.