A portfolio roadmap is a top-line strategy for a business’s numerous projects or products. A portfolio roadmap template can be incredibly useful when managing a range of separate, but related, products or projects. You may find the terms ‘product roadmap’, ‘project roadmap’, and ‘portfolio roadmap’ used interchangeably, but this would be incorrect. Let’s find out why…
There are a number of key differences between product roadmaps, project roadmaps and portfolio roadmaps.
A product roadmap:
Is a detailed visualization of current and future plans for a product
Contains development-specific details and product requirements
Visualizes how the product team will achieve the product vision
Has no set deadlines and uses milestones instead
A project roadmap:
Maps out the necessary steps for a single project to succeed
Contains hard deadlines to keep the project on track
Will visualize how resources are allocated
Looks at dependences within the project itself
A project portfolio or product portfolio roadmap:
Can be used to visualize a high-level view of a group of products or projects
Aims to align relationships between products or projects
You may also come across the product line roadmap, which is another name for the product portfolio roadmap.
60+ pages full of information about roadmapping and especially product roadmap: what is it, how to create a product roadmap, types of roadmaps, prioritization and tips on how to communicate with stakeholders effectively using roadmaps.
Focusing on product portfolio roadmaps now (as product roadmaps are our bread and butter here at airfocus), product managers should look for a portfolio roadmap template that:
Come pre-built with various views, including roadmap and release plan
Has prioritization features baked in (so you don’t need to create a separate document)
Is easy to share and update, to keep all stakeholders in the loop
Is ready to use and ready to customize — as no one product line is the same as the next.
Take the airfocus product portfolio roadmap template for a spin — for free — today.