The 4 great Product Management Tools
By Arijit Banerjee
Leading a product right from its conception to completion requires a competent Product Manager. It is a complex role concerned with juggling various responsibilities spanning across functions such as business analysis, product planning, marketing, sales and so on. All this demands multiple tools to convert an idea into an actual product. In the past, Product Managers would depend on PowerPoint presentations, spreadsheets and text documents to set strategies, define requirements and manage roadmaps. Today, the emerging software building tools offer a number of features to organize and execute product plans.
Utilizing the proper tools empowers a Product Manager to work closely with cross functional teams and make better decisions. This increases the likelihood of producing a high quality product. Here are 4 product management tools to benefit from:-
From startups to large organizations, this Product Management tool is used by every business and currently stands as the world’s number one product roadmap software. It provides a holistic solution to Product Managers; managing vision, tracking product details, monitoring product features over time, analyzing competition, generating reports, etc. All this data can be compiled and reviewed by your team and stakeholders so that it gets integrated with development tools and engineers build what really matters.
ProductPlan helps you build a roadmap which communicates what and why you’re building a certain product. A roadmap is a strategic document that uses a series of vertical bars to convey a span of time. It maps out your vision and direction of your product over time. This comprehendible format lets you incorporate feedback from your team or customers while the timelines gives them an estimate of when the product would be ready. It is essential to keep your roadmap organized to give you an idea of which product features to implement. ProductPlan is straightforward and the best option to manage ideas and build lots of roadmaps.
It is a more data driven approach to product management. When ideas change or customers give feedback, Wizeline adapts all these changes through its idea management module and user feedback feature. This allows teams to route requests to the product team promoting alignment within the company. Other features include backlog management, product surveys and feature prioritization. Arranging feature requests in a systematic order makes it easier to prioritize something urgent. Wizeline increases the accuracy of roadmaps by reducing the need to manually update slides or excel sheets and has helped Product Managers save a lot of time.
Knowing what users think of your product is a crucial element when determining the direction of your product. UserVoice is a tool that collects and analyzes user data. This can be done through app widgets, a customer portal or through mobile. It enables you to segment user feedback based on a source, plan type, satisfaction score or customer metrics. Prioritizing your data so that you don’t miss out on any incoming request and feedback is highly recommended. To understand user feedback in depth and utilize it for the future, UserVoice is an adequate tool to handle such valuable information.
Following these 4 product management tools may not bring instant success but it will contribute to making informed decisions and building a better product.