How to Create a Product Roadmap That Inspires: A Template for Product Leaders How to Use This Template A product roadmap is more than a laundry list of initiatives for a product team to work on. It’s an opportunity for product leaders to create alignment with stakeholders and motivate employees across departments. This template is structured in a way that will help you develop a product roadmap that tells a cohesive, compelling story that clearly shows the why (why are we working on these objectives?) and how (how will we achieve these objectives?) behind the actions your team takes. 1 Section one covers documenting annual objectives and the tactics to accomplish them 2 Section two covers how to bring your roadmap to life by focusing on the end result The template is broken up into two sections: How to Create a Product Roadmap That Inspires 2 From changes in the market to pivoting a product, you’re in a unique position to inspire your entire company and rally them around accomplishing critical business objectives. Paint a Picture and Set the Tone When you’re putting your product roadmap together, it needs to follow a story arch. This helps paint a specific picture in the mind of whoever is consuming it. Just like any good story, your roadmap should have a beginning, middle, and end. The beginning is equivalent to your company’s mission – it sets the tone. The middle is your key objectives and tactics. Finally, the end is what the entire company can expect if all objectives are accomplished. In order to create a roadmap that inspires and motivates employees, you have to connect the dots for them. A story arch makes this easy. How to Create a Product Roadmap That Inspires 3 At Company X, our mission is to make financial freedom attainable by improving people’s financial literacy. Company Mission Example: Pro tip: Leading off with your company’s mission, which should be aspirational, will instantly remind employees what their North Star is as a team. How to Create a Product Roadmap That Inspires 4 Company Mission How to Create a Product Roadmap That Inspires 5 With your company’s mission in mind, list your product team’s key objectives for the year. Whether you’re giving a presentation or an employee is reading your roadmap in PDF format, this helps employees clearly see the link between objectives and the overall company mission. List Key Objectives There are a number of ways you can come up with company-level objectives. The rule of thumb is to keep them realistic, relevant to the company mission, and challenging enough to push your team. Chances are there are a lot of objectives your team could tackle in a given year. However, Rome wasn’t built in a day. Focus your team’s energy on a handful of objectives that would move the needle in your business if they were accomplished. How to Create a Product Roadmap That Inspires 6 objective one: Launch product redesign (v2.1.1) with new functionality and UI 2020 Product Objective Examples objective two: Launch v2.0 of API objective three: Make backend infrastructure upgrades to prepare for user growth How to Create a Product Roadmap That Inspires 7 2020 Company Objectives objective one: objective two: objective three: How to Create a Product Roadmap That Inspires 8 After listing your key objectives for the year, the next step is to outline the tactics your team will use to meet these deliverables. For each objective, whether it’s more than or less than three, jot down the specific tactics your team will use in a 6 and 12-month timeframe. Document Tactics Timeframes can be tricky. You want to strike a balance between too broad and too specific. If your timeframe is too broad then you risk causing confusion as to when new features and enhancements would ship. But if you’re too specific you risk eroding trust if an objective can’t be accomplished. How to Create a Product Roadmap That Inspires 9 Example: Launch product redesign (v2.1.1) with new functionality and UI next six months next twelve months tactic one: Hire key engineering/designer talent tactic one: Run extensive testing of core product functionality tactic two: Infrastructure/code audit tactic two: User testing with current customers and external influencers to collect feedbacky tactic three: Develop design mockups/wireframes tactic three: Develop GTM plan and customer communications How to Create a Product Roadmap That Inspires 10 Objective One next six months next twelve months tactic one: tactic one: tactic two: tactic two: tactic three: tactic three: How to Create a Product Roadmap That Inspires 11 Objective Two next six months next twelve months tactic one: tactic one: tactic two: tactic two: tactic three: tactic three: How to Create a Product Roadmap That Inspires 12 Objective Three next six months next twelve months tactic one: tactic one: tactic two: tactic two: tactic three: tactic three: How to Create a Product Roadmap That Inspires 13 Now that you have your key objectives and tactics documented, the next step is to bring your roadmap to life by showing the end result. Think of this as a before and after moment. Bringing Your Roadmap to Life As you develop this section of your roadmap, focus on showing what would happen if the objectives you outlined in section one became a reality. The point of showing the end result before it happens is to give employees a North Star. After all, employees with purpose are more productive. How to Create a Product Roadmap That Inspires 14 Example: Launch product redesign (v2.1.1) with new functionality and UI Before (product shot) After (product shot) How to Create a Product Roadmap That Inspires 15 Example: Make backend infrastructure upgrades to prepare for user growth V2.0 of our API will allow us to pull in content from media V2.0 of our API will allow customers to push data to sites that cover finance, such as: personal finance tracking apps, such as: • Nerd Wallet • Mint.com • Yahoo Finance • Personal Capital • Seeking Alpha • PocketGuard • Bloomberg • Clarity Money V2.0 will create new partnership opportunities and • YNAB launch with 3 net-new partnerships: • Wealthfront • Ally Bank • Coinbase How to Create a Product Roadmap That Inspires 16 Final Thoughts When you combine your company’s mission, relevant objectives and tactics, and show the end before it happens, you create a natural story arch for your product roadmap. A roadmap with a story woven into it helps employees see the larger picture and all the steps in between that are necessary to get there. As a product leader, if you can inspire and motivate employees with a simple roadmap, you can create a team that marches to the same drumbeat and achieves critical objectives. How to Create a Product Roadmap That Inspires 17 About Crunchbase Crunchbase is the leading platform for professionals to discover innovative companies, connect with the people behind them, and pursue new opportunities. Over 55 million professionals—including entrepreneurs, investors, market researchers, and salespeople—trust Crunchbase to inform their business decisions. And companies all over the world rely on us to power their applications, making over a billion calls to our API each year. Faster Product Development Crunchbase API requires minimal engineering time to build a tool or algorithm to source and validate data. Get the products and features your customers want into their hands faster. License Crunchbase data to develop new products and features that delight customers. No Maintenance Required Plus Unlimited Data Access Crunchbase does the heavy lifting of finding, validating, and keeping private company data upto-date so you don’t have to. Simply connect your database through the Crunchbase API or leverage CSV exports for unlimited access to Crunchbase’s entire database. Bring Revenue-Generating Ideas to Life Leverage Crunchbase data to bring new product and feature ideas to life that can generate additional revenue for your company. How to Create a Product Roadmap That Inspires 18