product-roadmap-development

Vocabulary Word

Definition

The term 'product roadmap development' is a strategic plan that lays out the future direction of a product. It's the process of creating this plan, involving decisions on what features to add and when to add them to the product.

Examples in Different Contexts

In strategic planning, 'product roadmap development' involves outlining the vision, direction, and progression of a product over time. A strategic planner might say, 'Our product roadmap development process includes identifying key milestones, technologies to be developed, and market needs to ensure alignment with our long-term business goals.'

Practice Scenarios

Marketing

Scenario:

We need to strategize our marketing efforts to coincide with product updates. How can we communicate about new features to our customers in a timely manner?

Response:

Product roadmap development will provide us with a timely guide. It can help us plan our marketing campaigns around new product features and launches.

Business

Scenario:

As we plan for the next fiscal year, it is important that we stay aligned with our strategic goals. Any thoughts on how to coordinate this?

Response:

Perhaps engaging in product roadmap development can help us stay focused and ensure everyone is moving in the same strategic direction.