What are the things you require to develop something? First, you need to know how it will appear in the end. Then follows a lengthy process of creating the product that requires lots of time, energy, a professional team, and a team leader.
To turn any idea into a successful product, an organization must go through several phases:
- Define an idea.
- Establish the strategy.
- Design an item.
- A market that product or service to appropriate customers.
This article focuses on the specifics of product management, including its significant steps and the product manager’s roles within the process. Let’s get going.
Table of Contents
What is Product Management Software?
Product management software is an effective tool that helps improve and develop a company’s consequences quickly and effectively. These software solutions allow product managers and teams to develop new ideas and design specific plans for turning these ideas into a completed product.
Although product managers and their teams typically use such tools, they offer more transparency and information about the development of products for other departments, such as sales and marketing. Tools for managing products offer various options to manage and implement product plans. Roadmap features provide a breakdown of the process from concept to launch, continually monitoring the progress of a team’s work and allowing for adjustments to the timeline.
Prioritization is also an essential element of road mapping, which allows product managers to focus on the most important tasks or even backlog them to be revisited. Solutions for managing products also include tools to allocate resources as well as management of portfolios of products and agile workflows for teams working on development, including user testing, sprint planning, and tracking bugs. Specific software for managing products may include collaboration tools, such as chat threads or threads for comments. That’s why we’ve made the top 5 product management software for product managers in 2022. Let’s have a look.
Who uses Product Management Software?
Developing products is unique in that many teams, different departments, and departments can work in the same area supported by software for managing products. The development of products must include an approach to scoping, incorporating input from the accounting department, management and user research, engineering, and coding departments.
Product management software is a way to bring all feedback from all departments together. Team managers may find value in organizing tasks, distributing them to various group members, and prioritizing the multiple components of the development process. The tools for managing products allow this. They also provide options for reporting that are accessible to managers at the moment and later to check on the production progress.
Developers of products (e.g. engineers, coders, and engineers) can monitor the progress of tasks delegated to them and any other tangential tasks. All of this is based on the ability to comment on general improvement, feature suggestions, and many more.
Top 5 Product Management Software for Product Managers
Monday.com
Our list starts with Monday.com. Monday.com is a cloud-based Work OS where teams create workflow applications in minutes to manage their projects, workflows, and daily work processes.
Teams design their workflows and create projects without code using a platform that adjusts to changing needs rapidly, lets units free themselves from manual work, and connects teams through a collaborative environment.
The platform’s capabilities include the following:
- Flexible workflow templates can be customized to handle any task you want to manage.
- Time tracking is essential to meet deadlines.
- Automations that eliminate manual labor.
- Dashboards for valuable insight and understanding of where the situation is at a glance.
- Integration with popular tools and applications to simplify processes.
More than 100,000 businesses worldwide utilize monday.com to enable their teams to be more efficient and focus on the job that requires their skills.
- Deployment – Cloud, SaaS, Web-Based.
- Platform – Mac, Windows, Linux, Android, iPhone, iPad.
- Top Features – 360 Degree Feedback, @mentions, API, Access Controls/Permissions, Activity Dashboard, Activity Planning, Activity Tracking, Activity/News, Feed Administrator, Level Control, Advertising Management, Agent Management, Agile Methodologies, Alerts/Notifications.
- Free Trial & Version Available
- Prize – Price not provided by the vendor.
- Best for – Customizable Fields, Data Import/Export, Deadline Management, Document Storage, Drag & Drop, Email Management, Gantt/Timeline View, and Idea Management.
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat.
- Overall Rating – 5/5 Stars
MeisterTask
The second that comes on the list is MeisterTask. MeisterTask is an internet-based team and project collaboration tool that lets users create dashboards for projects and work with and collaborate with team members in real-time. The MeisterTask dashboard offers a summary of all projects and notifications. Users can do unlimited projects and invite other users by email to collaborate. It also includes customized project dashboards, allowing users to design their projects’ sections based on their requirements.
MeisterTask gives users immediate notifications about the status of their project after a task has been completed and communicates with other users in real time.
Users can check their lists of tasks from anywhere via mobile devices. MeisterTask can also be integrated with Google Drive, Slack, GitHub, and Zendesk.
- Deployment – Cloud, SaaS, Web-Based.
- Platform – Mac, Windows, Android, iPhone, iPad.
- Top Features – Access Controls/Permissions, Activity Dashboard, Activity Tracking, Agile Methodologies, Alerts/Notifications, Assignment Management, Backlog Management, Bar Chart, Brainstorming, Collaboration Tools, Color Codes/Icons.
- Free Trial & Version Available
- Prize – Price not provided by the vendor.
- Best for – Customizable Fields, Data Import/Export, Deadline Management, Document Storage, Drag & Drop, Email Management, Gantt/Timeline View, Idea Management, Milestone Tracking, and Multiple Projects.
- Overall Rating – 4.8/5 Stars
Smartsheet
Smartsheet is third on the list. Smartsheet is an enterprise-ready SaaS cloud application to manage work and collaborate. It is used by more than thousands of businesses as well as millions of users across 175 countries. It’s widely used to manage and track various kinds of work, such as tasks and projects for teams’ customers’ information pipelines for sales, event plans, and business processes. Smartsheet is a platform for collaboration and workflow automation.
Smartsheet platform includes tools to automate workflows, content collaboration projects management and forms recording activities, scheduling real-time data tracking, and much more. The Smartsheet API lets users connect the system to their workflows.
- Deployment – Cloud, SaaS, Web-Based.
- Top Features – Approval Process Control, Approval Workflow, Asset Tracking, Assignment Management, Audit Trail, Availability Management, Backlog Management, Bar Chart, Bed Management, Bid Management, Billing & Invoicing, and Brainstorming.
- Free Trial Available
- Prize – $9/user.
- Best for – Deadline Management, Document Storage, Drag & Drop, Email Management, Gantt/Timeline View, and Idea Management.
- Support – Email/Help Desk, Knowledge Base, Phone Support, Chat.
- Overall Rating – 4.7/5 Stars
Targetprocess
Targetprocess provides an Enterprise Product Management tool. It reflects the Agile methodology and encourages agility in the business with SAFe and other frameworks. A tool for managing portfolios that is agile to aid you in adopting and scaling agile throughout your business. Ideal for large to medium-sized enterprises.
Utilize the SAFe framework, LeSS, and your framework to improve business agility and watch the benefits flow throughout all levels of the organization.
The company was named in Gartner’s first Magic Quadrant for Agile Enterprise Tools. Modern & slick user interface. Incredible customer service.
- Deployment – Cloud, SaaS, Web-Based.
- Platform – Mac, Windows, Linux, Android, iPhone, iPad.
- Top Features – Change Management, Client Portal, Collaboration Tools, Communication Management, Configurable Workflow, Cost-to-Completion Tracking, Customizable Dashboard, Customizable Fields, Customizable Reports, Customizable Templates.
- Free Trial Available
- Prize – Price not provided by the vendor.
- Best for – Activity Tracking, Collaboration Tools, Communication Management, Customizable Fields, and Data Import/Export.
- Support – Email/Help Desk FAQs/Forum Knowledge Base Phone Support, Chat.
- Overall Rating – 4.7/5 Stars
LiquidPlanner
LiquidPlanner is a revolutionary project management tool that utilizes predictive scheduling to adapt to changing conditions and manage uncertainty. Enjoy automatic resource leveling and prioritization-based planning across many dependent projects and dependencies. Aid your team to prioritize tasks, anticipate results, and work confidently.
It’s a novel method of aligning your employees with projects, priorities, and projects to ensure that the appropriate people are focused on the tasks at the most appropriate time.
Predictive scheduling can adapt to changing conditions and helps manage uncertainty, so you are always aware of what time work will be completed in real time.
- Deployment – Cloud, SaaS, Web-Based.
- Platform – Windows, Mac, Linux, Android, iPhone, iPad.
- Top Features – Calendar Management, Capacity Management, Change Management, Collaboration Tools, Commenting/Notes, Communication Management, Configurable Workflow, Customizable Dashboard, Customizable Fields, Customizable Reports.
- Free Trial & Version Available
- Prize – Price not provided by the vendor.
- Best for – Access Controls/Permissions, Activity Dashboard, Activity Tracking, Calendar Management, Collaboration Tools, Commenting/Notes.
- Support – Email/Help Desk FAQs/Forum Knowledge Base Phone Support, Chat.
- Overall Rating – 4.4/5 Stars
Conclusion
There’s plenty to think about when selecting a management tool. The first thing you should do is to determine which features are essential to you.
In the next step, you’ll need to examine how the interface is used by users, potential integrations with other products you’re using, and also the cost. It’s also important to consider the ease of use as well. If a potential candidate has a difficult learning curve, you’ll need to determine how much assistance the developer provides.
