[+15] Best Tools for Product Management: Elevate Your Strategy

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best product management tool

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 Businesses navigate the ever-changing seas of innovation and find their course guided by the right tools. In the contemporary landscape, many product management tools are a testament to diversity and dynamism, each presenting distinct features to streamline workflows, foster collaboration, and elevate overall efficiency.

Embark on this blog journey as we unveil the Top 15 Best Product Management Tools. Together, we'll explore the fundamental essence of these tools and unravel why they are indispensable to the tapestry of modern businesses. Join us as we dissect the unique features that distinguish these tools, poised to revolutionize your approach to product management.

Are you prepared to redefine your strategy for success? Let's plunge into the realm of cutting-edge solutions!

What Is A Product Management Tool?

best product management tool

A Product Management Tool is a dedicated software or suite of applications meticulously crafted to cater to the intricate needs of businesses and product teams engaged in planning, developing, and managing products throughout their entire lifecycle. This comprehensive tool serves as the linchpin, offering a centralized hub for collaboration, seamless workflow management, and the facilitation of informed decision-making.

The utility of Product Management Tools becomes particularly evident in today's fast-paced business environment, where the successful launch of products demands meticulous planning and execution. These tools play a pivotal role in navigating the dynamic challenges of the market, providing the infrastructure needed for teams to adapt and innovate swiftly.

Why Are Product Management Tools Important?

The software industry is a dynamic and competitive domain where five key reasons underscore the importance of product management tools. These aspects shape the trajectory of technology companies and contribute to their success in navigating the ever-evolving software development landscape.

  • Customer-Centric Focus: Prioritizing a deep understanding of customer needs, preferences, and pain points is paramount. A customer-centric approach ensures product development aligns closely with user expectations, fostering satisfaction and loyalty.
  • Strategic Roadmapping: A clear and strategic roadmap is essential for guiding the product through its lifecycle. This involves setting priorities, defining milestones, and aligning the product's evolution with broader business objectives.
  • Cross-functional collaboration: Successful product management thrives on collaboration. Building strong relationships and facilitating communication among cross-functional teams, including developers, designers, and marketing professionals, ensures a holistic approach to product development.
  • Agile Adaptability: Embracing agile methodologies allows flexibility and adaptability in response to changing market conditions and evolving customer needs. Agile practices enable quick iterations, continuous improvement, and the ability to pivot when necessary.
  • Data-Informed Decision-Making: Leveraging data analytics and insights is key to effective product management. Making decisions based on relevant data ensures a more informed approach to product development, marketing strategies, and overall business success.

Top 15 Best Product Management Tools - You need to know

1. Monday

best product management tool

Monday is an online product management platform designed to empower teams of all sizes in planning, tracking, and managing their daily work. It offers a versatile Work OS that adapts to agile workflows, supporting various views, milestones, Gantt charts, task dependencies, and project analysis. The platform fosters collaboration, clear ownership, and efficient work tracking.

Highlight Features:

  • Customizable project templates for diverse teams and product management stages.
  • Visual and flexible features supporting milestones, Gantt and Kanban views, task dependencies, and project analysis.
  • Simple and intuitive UI with quick and efficient onboarding.
  • Comprehensive support with 24/7 assistance, recorded webinars, tutorials, and a Knowledge Base.
  • Flexible scrum platform accommodating teams ranging from 5 to 5,000 members.

Pricing: 14-day free trial available.

  • Basicdev: $9 per seat per month.
  • Standarddev: $12 per seat per month.
  • Prodev: $20 per seat per month.
  • Enterprisedev: Contact sales for custom pricing.

 

2. Craft

best product management tools

Craft stands out as an end-to-end product management platform, seamlessly incorporating best practices into its framework. It offers a comprehensive solution for product professionals, facilitating the management of the entire lifecycle of digital products. From feedback collection to feature definition, prioritization, capacity planning, road mapping, and portfolio management, Craft.io serves as an all-encompassing tool.

Highlight Features:

  • End-to-end product management with best practices integrated.
  • Creation of a single source of truth for product teams.
  • Data slicing and dicing for tailored, always up-to-date roadmaps.
  • Guru layer for quick and efficient product data management, catering to seasoned Product Managers.
  • Pre-built templates for product epics, user personas, and prioritization frameworks.

Pricing:

  • Starts at $19 per editor per month when billed annually.
  • 14-day free trial available.

 

3. Visor

best product management tool

Visor emerges as a cloud-based product management tool strategically crafted to streamline the product development process for businesses. Its primary objective is to enhance collaboration within product teams, facilitate feature prioritization, and provide a robust system for tracking progress. Ideal for businesses seeking a comprehensive tool, Visor supports the entire product lifecycle, from ideation to launch.

Highlight Features:

  • Cloud-based platform for streamlined product development.
  • Simplified collaboration, feature prioritization, and progress tracking.
  • Ease of use and a plethora of valuable features.
  • Accessibility from anywhere due to its cloud-based nature.
  • Comprehensive product management from ideation to launch.

Pricing:

  • Free plan available.
  • Pro: $9 per user/mo.
  • Ultimate: $18 per user/mo. 

 

4. Prodpad

 best product management tool

ProdPad is a lean product roadmap tool that fosters team-wide information and alignment. Noteworthy features cater to product management experts, including product spec templates, annotated designs and versioning, and the creation of realistic user personas. While users may encounter browsing and search capabilities challenges, ProdPad's strength lies in its robust planning, ideas, and roadmap solutions.

Highlight Features:

  • Lean product roadmap tool promoting team alignment.
  • Features include product spec templates, annotated designs, versioning, and realistic user personas.
  • Emphasis on solid planning, ideas, and roadmap solutions.

Pricing:

  • Roadmaps Essentials: $24 per editor per month.
  • Roadmaps Advanced: $44 per editor per month.

 

5. Airfocus

best product management tool

Airfocus takes the lead as the market’s first and only modular product management platform, meticulously designed for product teams overseeing a spectrum of products, including market-facing and internal developments, IT portfolios, and more. This flexible platform empowers product teams to manage strategy, understand user needs, prioritize effectively, and align teams with clear roadmaps.

Highlight Features:

  • Modular product management platform catering to diverse product types.
  • Quick setup of roadmaps through an intuitive drag-and-drop interface.
  • Library of fully adjustable templates based on proven product management and roadmapping methods.
  • Unique capability to rate and rank each initiative and feature based on customizable scoring criteria.
  • Ideal for product management teams dealing with priority ranking challenges.

Pricing:

  • Advanced: $69 per month.
  • Pro: Custom pricing.
  • Enterprise: Custom pricing.

 

6. Ignition

best product management tool

Ignition stands out as a go-to-market software, offering a comprehensive suite of tools encompassing product management, research management, and launch tracking capabilities.

Highlight Features:

  • Product management features include roadmap planning, idea organization, and customer insight collection and management.
  • Efficient conversion of end-user feedback into product releases.
  • Centralized research on competitors and personas within the platform.
  • Reusable launch processes to reduce time spent on workflow planning.
  • Unique data collection abilities for gathering insights into the product development process.
  • Capability to stay updated on competitors, collect feedback with public-facing forms and extract persona and brand insights for go-to-market strategy.
  • Tracking of KPIs to provide teams with performance information on product launches.

Pricing:

  • FREEMIUM: Free.
  • LIFTOFF: Contact for pricing.
  • MOONSHOT: Contact for pricing

 

7. Miro

best product management tool

Miro is a collaborative online whiteboard platform revolutionizing team collaboration and project management. As an expansive and interactive canvas, it empowers teams to brainstorm, plan, visualize, and efficiently manage projects in real-time.

Highlight Features: 

  • Infinite Canvas allows seamless zooming, panning, and navigation for a limitless workspace.
  • Real-time Collaboration enables teams to work together, observe activities, and communicate through chat and comments.
  • Pre-built Templates offer a variety of templates for user story mapping, product roadmaps, sprint retrospectives, and more, saving valuable time.

Pricing:

  • Free plan available.
  • Starter: $8 per month.
  • Business: $16 per month.
  • Enterprise: Custom pricing (Contact sales for details).
 

8. ProductPlan

best product management tool

ProductPlan is a preferred choice for renowned companies like HubSpot and Coca-Cola, offering an effortless method to plan, visualize, and communicate product strategies through a diverse range of 25+ roadmap templates.

Highlight Features:

  • Collaborate with your team on live roadmaps using the intuitive drag-and-drop editor.
  • Tailor your timelines, lists, tables, and portfolio layouts to meet your preferences.
  • Quickly share links to editable roadmaps, allowing stakeholders to view data without requiring tool access.
  • Provides product roadmap templates and templates for launch plans, executive-facing portfolios, OKRs, and IT strategy.

Pricing:

  • Basic: $39 per month.
  • Professional: $79 per month.
  • Enterprise: Contact for custom pricing.

 

9. Productboard

best product management tool

Productboard is a comprehensive product management system trusted by industry giants like Microsoft and Zendesk. It empowers teams to understand user needs, prioritize feature development, and unify the entire product lifecycle from planning to QA using a cohesive product roadmap.

Highlight Features:

  • Gather customer feedback on planned features to understand preferences and prioritize effectively.
  • Utilize customer insights from Productboard to prioritize features that enhance customer satisfaction.
  • Standout feature for aggregating product insights and customer requirements across various communication channels, including Slack.

Pricing:

  • Essentials: $20 per month.
  • Pro: $80 per month.
  • Enterprise: Contact sales for custom pricing.

 

10. Jira Software

best product management tool

Jira Software, a key player in the Atlassian suite, is a SaaS project and product management platform tailored for medium to large-sized teams in the software development sector. It is a comprehensive project management solution within the Atlassian family of products.

Highlight Features:

  • Incorporates various tools alongside built-in features, offering users a unified platform for project management and development oversight.
  • Facilitates Q&As, sprint planning, story creation, and real-time issue tracking for efficient project management.
  • Acts as a centralized repository for user stories, issues, and tasks, providing complete visibility and aiding team collaboration and prioritization.
  • Enables real-time visual data for product managers, streamlining workflows and enhancing team focus through no-code automation.

Pricing:

  • Free.
  • Standard: $8.15 per month.
  • Premium: $16 per month.
  • Enterprise: Contact sales for custom pricing.

 

11. Aha!

best product management tool

Aha! is an all-encompassing product management and development solution offering an extensive toolkit for diverse scenarios. From research and chart creation to release control, it caters to the needs of large organizations, prioritizing scalability and flexibility.

Highlight Features:

  • Covers virtually every aspect of product management and development, including research, charting, and release management.
  • Tailored for large organizations focusing on scalability and adaptability to various product management scenarios.
  • Enhances functionality by integrating with Zapier, streamlining processes such as transforming received emails into Aha! ideas or creating Asana tasks for new Aha! features.

Pricing:

  • Most Aha! products offer a 30-day trial period.
  • Aha! Create has a free basic plan.
  • Payable plans start at $39/user/month, depending on the chosen products.
  • The focus of the review is on Aha! Roadmaps (complete product management solution), starting at $59/user/month.

 

12. Roadmunk

best product management tool

Roadmunk offers an easy and affordable solution for creating and customizing roadmaps. It is suitable for organizations seeking a roadmapping tool that integrates seamlessly with other software in their product stack.

Highlight Features:

  • Personalize your roadmap experience by starting from scratch, using templates, or viewing examples immediately upon sign-up.
  • Offers a range of templates for different occasions, including product and Scrum roadmaps.
  • Allows the creation of different views for different audiences, enhancing versatility.
  • Simple interface, easy to navigate for customizing roadmaps.
  • Provides ample resources for assistance, including chat support, a knowledge base, and a learning center.

Pricing:

  • Starter - $19/month
  • Business - $49/month
  • Professional - $99/month
  • Enterprise - Contact sales

 

13. ClickUp

best product management tool

ClickUp is an all-in-one project management and team collaboration tool designed for businesses of all sizes. With a comprehensive platform, it consolidates features for project lifecycle management, team collaboration, strategy planning, roadmaps, KPI tracking, workflow automation, and more.

Highlight Features:

  • Visualize product plans, map out ideas, and connect them to workflows with ClickUp Whiteboards.
  • Build clear product roadmaps, manage backlogs, and track project plans using views like Timeline, Gantt chart, List, Table, etc.
  • Align objectives and goals with ClickUp Goals for progress tracking.
  • Exchange feedback, receive real-time updates, and stay informed through Chat view and comments.
  • Organize feedback, prioritize issues, and simplify bug tracking.
  • Create agile workflows and streamline development with automation capabilities.
  • Track performance goal progress and create custom Dashboards for real-time reporting.
  • Integrate with feedback and development tools like Zendesk, Intercom, GitHub, GitLab, Bitbucket, and more.

Pricing:

  • Free Forever: Feature-rich free plan
  • Unlimited: $7 per month/user
  • Business: $12 per month/user
  • Enterprise: Contact for pricing

 

14. Pivotal Tracker

best product management tool

Pivotal Tracker is an agile project management software designed to assist product management teams in defining user stories and analyzing agile team performance. It provides features for product backlog management, label organization, story blockers for identifying roadblocks, and multi-project workspaces.

Highlight Features:

  • Efficiently manage the product backlog.
  • Organize and monitor user stories using labels.
  • Identify potential roadblocks in advance with story blockers.
  • View several projects side-by-side for enhanced management.

Pricing:

  • Free
  • Startup: $10 per month.
  • Standard: $6.50 per month.
  • Enterprise: Custom pricing available.

15. Trello

best product management tool

Trello is a Kanban-style project management tool designed to enhance collaboration and organization within product management teams. It employs boards and checklists for easy task management and facilitates workflow automation through Trello’s butler bot. Trello is available on Android and iOS devices, offering templates for various purposes.

Highlight Features:

  • Facilitates easy task management through kanban boards and checklists.
  • Automates workflows with Trello’s butler bot.
  • Available on Android and iOS devices for on-the-go access.
  • Provides templates for product management, productivity, team management, etc.

Pricing: 

  • Free
  • Standard - $5 per month.
  • Premium - $10 per month.
  • Enterprise - $17.50 per month.

 

What makes the Best Product Management Tool?

best product management tool

Recognizing the diverse needs of organizations and the varied landscapes of product management frameworks, it becomes evident that no single tool can cater to every requirement. While product management software serves as a comprehensive solution for gathering feedback, prioritizing ideas, and creating roadmaps, other indispensable categories of tools should also be considered in your product management arsenal. Here are key areas to explore:

  • Ticket Management: A robust ticket management system is essential. Whether it's addressing customer-reported bugs or monitoring progress on various issues, tools like Jira provide a structured platform for efficient ticket management.
  • Project Management: Enterprise-level project management software may be necessary for more extensive operations. However, for smaller businesses, free and graceful project management options are available to explore, ensuring that your team stays organized and on track.
  • Product Feedback: Beyond internal discussions, tapping into customer opinions, ideas, and criticisms is vital. Employing dedicated customer feedback software such as UserVoice or Pendo can provide valuable insights. Additionally, survey tools offer a versatile means to gather input from your user base.
  • Collaboration: Seamless communication and collaboration are the lifeblood of effective product management. Utilizing team chat apps and collaboration tools ensures your team stays connected and information flows seamlessly, fostering a dynamic and collaborative work environment.
  • Design and Prototyping: Transitioning seamlessly from design to development is critical. Leveraging the best wireframe tools, such as UXPin or Justinmind, enhances the design and prototyping phase, facilitating a smoother progression from concept to execution.
  • Tailoring Your Tech Stack: Understanding the intricacies of your organization's workflow and requirements is paramount. This knowledge empowers you to strategically select complementary tools that align with your unique tech stack. A tailored approach ensures that each software component synergizes seamlessly, optimizing your product management capabilities.
  • Free Trials for Informed Decisions: The beauty of the listed product management software lies in its capabilities and accessibility. Each tool offers a free trial, allowing you to explore and evaluate its suitability for your needs. Invite collaborators to join you in testing these tools, ensuring that the chosen software aligns perfectly with your team's dynamics and requirements.

In navigating the expansive landscape of product management, a holistic approach that considers the core functions and complementary tools is key. Embrace the diversity of your organization's needs and tech stack, and you'll be well-equipped to elevate your product management endeavors to new heights.

FAQs

1. What is feature flagging in product management?

Feature flagging, or feature toggling, is a strategic software development and product management technique. This approach involves the use of feature flags, which are markers or switches embedded in the code of a software application or product. These flags enable or disable specific features or functionality within the software.

The primary purpose of feature flagging is to grant product teams precise control over the release and visibility of particular features. This control extends to different user segments or can be based on varying conditions. The versatility of feature flagging becomes especially valuable in agile development and continuous deployment environments, allowing teams to manage projects effectively and reduce the risks associated with feature releases.

In essence, feature flagging provides product managers with powerful functionality that enhances their ability to orchestrate projects, fine-tune feature releases, and adapt to the dynamic nature of software development and product management processes.

2. Are there other types of product management software?

Indeed, besides comprehensive all-in-one suites, a diverse array of specialized tools cater to specific niches within product planning, research, development, and strategy. Here are some distinct types of product management tools:

  • OKR Software & Tools: Develop and track Objectives and Key Results (OKRs) throughout the product lifecycle.
  • Prototyping Tools: Facilitate the creation of product prototypes with minimal or no coding knowledge.
  • Wireframing Tools: Enable the wireframing of applications or websites through intuitive drag-and-drop functionality.
  • Customer Feedback Tools: Collect customer feedback systematically and prioritize it based on importance.
  • Roadmap Tools: Visualize the future trajectory of your product using dedicated roadmap tools.
  • Flowchart Tools: Visualize ideas, brainstorm, or map out customer pathways using online flowcharts.
  • Backlog Tools: Log, track, and manage all backlog items associated with your product.
  • Analytics Tools: Understand how your product performs in the market, generating actionable insights.
  • Product Portfolio Tools: Manage multiple ongoing product projects centrally in one location.
  • Agile Product Management Tools:
  • Facilitate Agile product workflows, emphasizing speed and iterative development.
  • Product Adoption Software: Assist users and customers in maximizing the utility of your product through wikis, wizards, and walkthroughs.

These specialized tools cater to specific needs within the product management landscape, allowing teams to select and integrate tools that precisely align with their objectives and workflows.

3. What skills does a project manager need?

To excel as a project manager, diverse skills are indispensable. Here are key skills that a brilliant product manager must possess:

  • Analytical Proficiency: Ability to analyze and interpret feature requests or user feedback accurately.
  • KPI Management: Skill in setting and tracking Key Performance Indicators (KPIs), such as customer satisfaction.
  • Strategic Vision: Capability to define the product vision with realistic and achievable goals.
  • Effective Communication: Strong communication skills to articulate stakeholder expectations clearly to the product team.
  • Strategic Planning: Expertise in strategic planning, focusing on forecasting skills.
  • User Experience Understanding: Basic understanding of user experience design principles.
  • Resource and Time Management: Efficient management of time and resources to ensure optimal project outcomes.

Final Thoughts

The curated list of the Best Product Management Tools provides a comprehensive overview of leading platforms, each offering unique features tailored to diverse needs. From project planning to user feedback management, these tools empower product managers to streamline workflows, enhance collaboration, and drive innovation.

As the product management landscape evolves, staying informed about the newest and most effective tools is essential. Harness the power of innovation, collaboration, and effective product development with the right tools at your side.

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