Top 5 Product Management Tools

Summary

This video introduces the top five product management tools essential for ensuring product success amidst the launch of 30,000 new consumer products annually. Roadmunk stands out for its intuitive interface and customer-driven roadmaps, while Productsboard consolidates feedback for prioritization. Prodpad offers a comprehensive suite of features, including a drag-and-drop editor and portfolio management. Air Focus provides modularity and strategic superpowers, and Craft.io emphasizes transparency and alignment with its robust set of features. Each tool is designed to align teams, prioritize effectively, and streamline product development processes.

Takeaways

• 📈 Over 30,000 new consumer products are launched annually, with many failing due to incomplete product management tools.
• 🛠️ Effective product management tools are essential for ensuring the success of new products.
• 🔍 Roadmunk is a popular tool used by major companies for visualizing product strategy and capturing customer feedback.
• 📊 Roadmunk offers intuitive UI, roadmap templates, and integration with Jira and a Roadmunk API for data syncing.
• 🗺️ Productsboard is a customer-centric platform that consolidates feedback and helps prioritize features based on customer needs.
• 📝 Prodpad is a comprehensive tool with features for roadmapping, idea management, and workflow, including a drag-and-drop editor.
• 🔗 Prodpad integrates with over a thousand apps, ensuring team alignment and streamlined communication.
• 🎯 Airfocus is a flexible and modular product management software with features like roadmapping and prioritization scoring.
• 🛑 Craft.io helps articulate decision-making and establish clear product processes with features like capacity planning and a centralized feedback portal.
• 🔑 Craft.io's strategic inputs create a central hub for product information, aiding stakeholders in understanding the rationale behind decisions.
• 💬 All tools offer scalability in plans and pricing, with free trials available for testing before commitment.

Q & A

How many new consumer products are launched each year according to Clayton Christensen?

According to Clayton Christensen, a professor at Harvard Business School, approximately 30,000 new consumer products are launched each year.

What is one reason cited for the failure of many new products?

One reason cited for the failure of many new products is the lack of wholeness in product management tools.

What does Roadmunk offer that is beneficial for visualizing product strategy?

Roadmunk offers a highly intuitive user interface that allows product managers to capture customer feedback, prioritize tasks, and design excellent product roadmaps.

What are the two different views available in Roadmunk for visualizing strategy?

Roadmunk offers two different views for visualizing strategy: a timeline roadmap that commits to dates and a swimlane roadmap that keeps things flexible.

Which popular tools does Roadmunk integrate with?

Roadmunk integrates natively with Jira and offers a Roadmunk API to sync data with other tools your team already uses.

What kind of feedback consolidation does Productsboard provide?

Productsboard consolidates valuable feedback from various tools, helping product managers understand customer needs and prioritize features that customers really need.

How does Prodpad's product roadmap editor help in strategy communication?

Prodpad's drag and drop product roadmap editor is easy to use, allowing for effective communication and reinforcement of the product strategy.

What is the standout feature of Air Focus's product management software?

Air Focus's standout feature is its modularity, which combines flexibility with product strategic superpowers, allowing for quick and easy roadmapping, prioritization, and feedback organization.

What does Craft.io offer for understanding customer needs and decision-making?

Craft.io offers a centralized feedback portal, capacity planning, roadmapping, and strategic inputs to help articulate decision-making and establish clear product processes.

What are the different roadmap views that Craft.io provides?

Craft.io provides different roadmap views to visualize how objectives and key results are related to specific features, allowing for customized and shared views with stakeholders.

What is the starting price for Craft.io's product management tool?

Craft.io's pricing starts at $39 per month, which includes a free 14-day trial.