Product administration is a technique to set up the event, place and pricing of your product. It helps you handle each step of the method that sees your product go from idea to market.
As you may think, having mission administration software program helps plan, handle and observe this work, however should you’re not utilizing such instruments, there are product administration templates that may allow you to steer the course.
ProjectManager is award-winning mission administration software program, however we perceive that not everybody is able to improve instantly. For these of you managing product improvement initiatives, listed below are among the product administration templates we provide at no cost obtain on our website.
1. Product Necessities Doc Template
In your product to attain its goals and meet the standard expectations of your end-users, many necessities have to be met. A product necessities doc (PRD) lists the options you’ll embody in your product launch. Our free product necessities doc template for Phrase needs to be a part of any product improvement to speak to the product group what’s required when constructing the product.
You’ll discover every thing you want in your product to succeed in a profitable conclusion and it’ll information the event group all through the discharge course of. A number of the fields in our customizable template embody the objects and objectives, which assist outline what you’re constructing, assumptions and constraints, the issue or area of interest you’re concentrating on and the way your group is an efficient strategic match for the mission. There’s additionally room for consumer tales and, after all, necessities, options, launch standards, success metrics and extra.
2. Product Roadmap Template
A product roadmap is an important software in product administration. It shares the product plan with the group by displaying all phases on one web page. This consists of the imaginative and prescient of the mission, its route, priorities and even the progress over time. All of this may be mapped out on our free product roadmap template for Excel. It helps with strategic resolution making and speaking the product improvement to all the group.
Utilizing the product administration template is simple. It’s divided into two elements. On the left aspect is a straightforward spreadsheet the place you may listing all of the duties in your product improvement. You’ll be able to add the states when these duties will begin and finish in addition to their period. The precise aspect is the visible timeline of your product roadmap. When you’ve added to the spreadsheet, the roadmap timeline routinely populates so you may see all the mission in a single place with color-coded phases to make it simpler to learn.
3. Agile Dash Plan Template
The roadmap is an summary, but it surely’s not a software that’ll be utilized by your improvement group. They want totally different instruments to plan and execute the varied sprints that can take the mission from begin to end. Agile and cross-functional groups favor the visible workflow of kanban boards they usually can use our free agile dash plan template to get their work accomplished collaboratively.
Lots of our product administration templates could be downloaded as Excel or Phrase information or opened in our software program for a extra dynamic expertise. The free agile dash plan template opens in ProjectManager and collects the backlog from the product proprietor. The event group plans their sprints along with the product proprietor, who can replace objects on the product backlog when essential.
Better of all, you should use the kanban board for agile groups, however others can change to one in every of our a number of mission views. Builders can use job lists and extra conventional departments can observe progress on Gantt charts. All views replace on the similar time with real-time information. Get began with ProjectManager right now at no cost.
4. Advertising Plan Template
Getting your product developed is a component of a bigger initiative of getting it to the market and in entrance of your audience. This includes advertising and promotion. That’s a mission for its personal sake and one which includes cross-functional groups to succeed. That’s why you have to use our free advertising plan template for Phrase to correctly undergo all of the phases, actions and scheduling essential in your marketing campaign.
Of the product administration templates, this one is designed that will help you plan for the advertising and promoting objectives you’ve got over a selected interval. To do this, there’s a spot to schedule duties on a timeline with begin and end dates. You may also outline the important thing efficiency indicators (KPIs) that’ll help you observe the marketing campaign and be sure to’re hitting the marks out of your efficiency baseline. There’s even a spot to profile the goal market and viewers.
5. Advertising Price range Template
It’s no shock that every one of those phases of product improvement value cash. Product house owners must forecast these prices to construct an correct finances that may cowl all bills required to construct, take a look at and convey to market your product and ship a return in your funding. For a radical estimate of how a lot it’ll value to advertise your product use our free advertising finances template for Excel.
The advertising plan template is damaged up into classes and subsets for smaller duties. There’s a column to seize the finances for all the advertising finances but additionally every subtask and class. You’ll be able to chart the year-to-date spending to trace how a lot you’re spending every quarter. There’s additionally a column that exhibits what you’ve got left in your finances. There’s room to map your advertising finances throughout the 4 quarters of the yr to additional make sure you’re protecting to your finances.
6. Product Launch Template
Creating and making the product solely will get you to the beginning line. In the event you can’t ship the product to your audience, then it’s useless on arrival. In fact, that’s simpler mentioned than accomplished. It is advisable to have a well-thought-out product launch, which includes plenty of group to ship on the potential of your product. Our free product launch template is designed to attach your product to the promote it’s serving.
Open the product launch template in ProjectManager and you’ve got every thing you have to ship your product to market. First, observe workflows on our aforementioned kanban boards. Customise columns to signify your workflow and use job playing cards to trace no matter you want, from consumer tales, prototypes, consumer suggestions and extra. Then change to the Gantt chart to view the product launch timeline. Once more, no matter mission view you employ, the info is identical and it’s all the time updated.
7. Assertion of Work Template
There are product administration templates that you just want earlier than you even begin the mission. A kind of is an announcement of labor (SOW). It exhibits the steps of the method you’ll be utilizing, together with actions and deliverables, to seize the important mission information. You don’t wish to neglect something essential and have it come to hang-out you when in manufacturing. That’s why we now have a free assertion of labor template for Phrase that will help you handle the method.
The SOW template doesn’t simply element the mission however communicates that info to the product and improvement group or every other related events. Our free template consists of every thing you’ll want, from background to the aim of the mission, the scope of labor, schedule, deliverables, milestones and extra. Plus, it’s customizable. Something that you just don’t want could be deleted and something not included you may simply add to make sure it’s as thorough as doable.
8. Work Order Template
Not all merchandise are constructed in-house. There’s typically the necessity to outsource some a part of the product to contractors. So as to make it possible for work is completed to your specs, you want a contract between all events concerned. Our free work order template for Excel organizes the duties you require with a purpose to maintain you on schedule and ship the product as you need and whenever you need it.
If you obtain our free work order template, you’ll see that it has fields in your firm info and dates to outline the work that’s being contracted. There’s additionally a spot to explain that work so it’s clear and there are not any misunderstandings as to what’s anticipated of the contractor. Lastly, after everybody opinions the work order, there’s a spot up to now and signal it to create a legally binding doc.
9. Buy Order Template
If you have to supply services or products from exterior distributors, you’ll wish to use our free buy order template for Excel. This acts as a contract between a purchaser and a vendor and is an important doc to maintain the product improvement transferring ahead with out incident. It is advisable to have an settlement and the acquisition order is that authorized doc that covers each the product proprietor and whichever vendor they’re working with.
You’ll discover every thing you have to make the transaction clean between you and the vendor. There’s vendor administration info, together with contact info, transport particulars, stock that embody what objects are being bought and a spot to signal and date the doc to make it legally binding. You don’t wish to depart unfastened ends that may make the merchandise unavailable whenever you want it.
10. Price-Profit Evaluation Template
We’ve saved probably the most vital product administration templates for final. Use our free cost-benefit evaluation template for Excel to see if the product is well worth the effort and time you’ll must put into it. This template will allow you to decide if the cash you spend money on the mission goes to have a return on that funding, whether or not by way of getting cash or offering some invaluable profit that makes it one thing you’ll wish to pursue.
How does a cost-benefit evaluation work? It’s not that arduous, although gathering all the knowledge takes time. Principally, you’re including up the quantitative prices, whether or not direct, intangible and alternative and the quantitative advantages, similar to direct, oblique, intangible and aggressive. Then you definately evaluate the 2 and see if the prices are value the advantages.
11. Product Growth Template
Use this free product improvement template to assist flip an thought right into a viable product within the market. Manage duties and construct a roadmap to show an idea right into a actuality. This mission administration template opens in ProjectManager, which provides customers real-time information, a collaborative platform and entry to useful resource, danger and job administration instruments in addition to dashboards and stories.
A number of the advantages of utilizing the free product administration template are that customers get personalized views, built-in columns, subtasks, real-time information and the flexibility to connect paperwork, pictures, schematics and extra. There are additionally a number of views to execute the product administration template on kanban boards, Gantt charts and extra. See the entire product improvement on a roadmap and maintain the group’s workload balanced in order that they keep productive.
12. Kanban Board Template
This product administration template helps visualize the workflow. The kanban board is a well-liked software with DevOps, software program builders and extra. The method levels are represented by columns and duties are set on playing cards that transfer by means of manufacturing, column by column.
The free kanban board template for Excel is customizable and might simply be made to mirror any manufacturing schedule. The playing cards are additionally customizable. They’re outlined with house to outline the duty title, describe what the duty is, who it’s assigned to and the due date.
13. Stock Template
This free stock template for Excel is used to doc the extent of stock one has in inventory and monitor the stock turnover to make sure that there may be all the time sufficient stock to maintain manufacturing transferring uninterrupted. This free product administration template lists all of the stock companies use of their operations.
Producers use this free product administration template to ensure they’ve satisfactory inventory to maintain work transferring easily by monitoring turnover and realizing how a lot to reorder and when to take action to keep away from any gaps in manufacturing.
14. SWOT Evaluation Template
SWOT evaluation is a technique of evaluating strengths, weaknesses, alternatives and threats in a company, each inner and exterior. This information will inform the work one is planning on doing and assist to spend money on the proper initiatives that can ship a return on funding or some such profit to the corporate.
The SWOT evaluation product administration template is split into 4 elements, one for power, one for weak point, one for alternative and one for threats. These are then outlined as both inner or exterior, optimistic or detrimental. As soon as the 4 quadrants are stuffed, product managers have the knowledge they should make a strategic plan.
15. Capability Planning Template
Capability planning permits product managers to know the way a lot manufacturing capability is required to fulfill the demand for his or her merchandise. That is particularly essential as demand is continually altering and this free capability planning template for Excel permits product managers to raised handle assets, time, groups and work.
This free product administration template lists duties and their period, together with begin and finish dates. It additionally lists the related assets for these duties and the hourly price for the assets and maps this on a mission timeline. Utilizing this product administration template helps with useful resource availability and the useful resource utilization price.
How ProjectManager Helps With Product Administration
These free product administration templates are helpful, however as we famous earlier, all of them fall shy of what mission administration software program can do. ProjectManager isn’t a static spreadsheet or Phrase doc. It’s on-line software program that updates in actual time. You don’t must continuously be manually including information. Plus, it’s collaborative even for cross-functional product and improvement groups. Everyone seems to be all the time working with real-time information whether or not they’re within the subsequent workplace or one other timezone.
Create Strong Roadmaps on Gantt Charts
It is advisable to see the entire product improvement in a single place to raised perceive tips on how to finest allocate your assets. Our roadmap exhibits you each stage of the product administration course of on a visible timeline. See all of the product duties and milestones and even hyperlink all 4 kinds of job dependencies to keep away from expensive delays. You’ll be able to toggle to the kanban view so groups can handle their sprints or the calendar view to plan your product launch.
Monitor Your Progress With Actual-Time Dashboards
If you set a baseline on the Gantt chart, you seize the product plan and are then capable of evaluate it to your precise progress to be sure to’re staying on schedule. Get a high-level view of your time, duties, workload and extra with our stay dashboards. There’s no time-consuming configuration as with light-weight options. Our dashboard is prepared if you find yourself.
If you wish to get extra element than a dashboard gives, use our mission stories which may generate standing stories, stories on variance, timesheets and rather more, all with a keystroke. Every report could be filtered to indicate solely the info you wish to see after which simply shared with stakeholders to maintain them up to date.
Associated Product Administration Content material
We’ve solely scratched the floor with reference to product administration. There’s a lot extra that may be explored on our website. We revealed weekly blogs, movies, guides and free templates on every thing product and mission management-related. Right here is a few free content material on product administration if you wish to go deeper.
ProjectManager is award-winning software program that empowers groups to raised plan, handle and observe their product improvement in actual time. Use our job administration, danger administration and useful resource administration options to assist keep on observe and maintain to your finances. Get began with ProjectManager right now at no cost.
