Product management can significantly impact various important strategic decisions within a business. Product managers are responsible for many tasks, such as research, strategy, road mapping, design, and evaluation. You will need the best product management tools available to accomplish this.
Product management tools help you handle day-to-day tasks while keeping an eye on the big picture. Throughout the product development process, they encourage people to work together and ensure that everyone is on the same page, whether working in the office or from home.
In this blog, we will discuss product management tools and give you a list of the best tools that are helpful according to your business type.
What are product management tools?
Product management tools are software applications that assist product managers, marketers, and other professionals in planning, developing, and marketing their products more effectively.
These tools have various features that help product managers throughout the entire lifecycle of a product, from coming up with ideas and doing research to product development, launch, and ongoing management.
These tools are designed to simplify the product management process, improve communication and collaboration within teams, and provide insights to assist in making data-driven decisions. It also helps ensure that the product development fits in with the overall strategy and goals of the company.
How to choose product management tools?
Before adopting product management tools, think about the size and stage of your business and product. For instance, a small startup with only one product manager probably doesn’t need or cannot afford to buy many tools.
You might choose a few apps that do many different things and work well together. On the other hand, a large organization may need specialized tools that are made for complex work streams and multiple teams.
A good rule of thumb is to choose the fewest tools necessary to meet your team’s needs. So, look for tools with the most features to build and ship a successful product, no matter where you are in the product life cycle.
Why does selecting the right product management tools matter?
You link your organization’s business and development sides as a product manager (PM). At each stage of the product development lifecycle, you speak for the customer while considering company objectives. Communication, efficiency, and a peaceful atmosphere are essential in this job, and the right product management tools can help you do your job better.
Many platforms can help with different parts of a PM’s job, such as planning, gathering information, keeping the product backlog up to date, and getting to know the customers, the competition, and your team.
Most PMs use various tools for managing products, each with a different purpose. The goal is not to find a single platform that can do everything but to build a product stack with the best software and systems for each work.
Questionpro recently published a blog about idea management software. You can check it out if you want.
13 best product management tools
Here are the 13 best product management tools that let you engage with team members on a project or be remotely active throughout the product roadmap.
01. Chisel
Chisel is the best product management tool designed to streamline the entire product development lifecycle. It makes creating great products easier, bringing teams together and connecting directly with customers. It’s like an all-in-one solution for people who oversee products.
Best features:
- Synthesizes feedback tickets
- Product Feedback
- Roadmap management
- Collaboration
Pros:
- Seamlessly integrates with essential platforms like Jira, Slack, Salesforce, and others.
- Chisel provides a free sign-up option
- Creating the right product at the right time.
Cons:
- UI/UX needs a slight bit of improvement.
Pricing: The premium plan is priced at $49 per month.
02. Jira
Software development teams primarily use Jira as a project management tool, but it may also be used as a product management tool. It enables users to create and monitor tasks, issues, and bugs and manage and prioritize them.
Best features:
- Collaboration
- Roadmapping
- Mobile and cloud-based access
- Wide range of integrations
Pros:
- Effective for tracking development and performance
- Clear and precise commitment tracking (with the help of webhook)
Cons:
- Limited file uploading in terms of size
- Lack of build version identification and tracking
Pricing: Premium pricing begins at $75.00 per month.
03. QuestionPro InsightHub
QuestionPro InsightHub is one of the best product management tools that enables companies to collect customer feedback and insights via surveys, polls, and other research methods. The tool is intended to assist organizations in making data-driven decisions about their products and services by allowing them to collect and analyze real-time customer feedback.
Best features:
- Survey creation and data analysis
- Collaboration and team management
- Mobile and cloud-based access
- QuestionPro can be integrated with other tools and systems
Pros:
- QuestionPro has a variety of data analysis tools
- QuestionPro has built-in reporting and analytics capabilities
Cons:
- Limited functionality
Pricing: QuestionPro pricing starts at $99.00 monthly.
04. ClickUp
ClickUp is one of the best product management tools, ideal for product teams, and a fantastic collaboration tool used by several small and large business teams.
This free product management software (SaaS) can help you plan products and help your team work together.
Best features:
- It offers a wide range of task management features
- ClickUp has a built-in roadmap feature
- Variety of collaboration
- Wide range of integrations
Pros:
- User-friendly interface
- Keep all project and business-related documents with Docs.
Cons:
- No table view on the mobile app
Pricing: Their business pricing plan begins at $7.00 monthly.
05. Zoho
Zoho is a cloud-based product management tool that includes a variety of software applications for product management, sales, workflow management, and time tracking. It is an end-to-end product platform that can assist you in tracking user behavior and mobilizing skilled resources for streamlined development.
Best features:
- Zoho has a built-in roadmap feature
- Zoho allows users to create custom workflows
- Wide range of integrations
Pros:
- High scalability with multiple support applications
- Customizable according to your product needs
Cons:
- It may take some time to adapt to the user interface.
- There are no project templates. It means project startup and management software upload normally takes time.
Pricing: Enterprise-level pricing starts at $14.00 monthly.
06. Trello
Trello is a project management tool that is often used as a product management tool because it has many features that can help organizations plan and manage their product development efforts.
Best features:
- Allows team members to share project plans, updates on progress, and documents and to work together on them.
- Customizable Efficient Workflow
- Customizable labels and checklists
Pros:
- All of the software is laid out on attractive visual boards.
- Provides updates in real-time
Cons:
- Minimal integration with third-party software
Pricing: Their pricing starts at $5.00 monthly.
07. Roadmunk
Roadmunk is a product road-mapping and management tool that lets companies make roadmaps for their products that are based on what customers want.
The software lets you get user feedback and put it all in one place. Then, product owners, sales teams, and support teams can send that feedback to the product team through various channels.
Best features:
- Roadmap creation and management
- Collaboration and sharing
- Integrate with other tools
Pros:
- A user-friendly interface makes it easy to make a road map.
Cons:
- No visibility of team member roadmap updates.
Pricing: Their starting price is $19.00 monthly
08. GanttPro
GanttPro is one of the best product management tools that let you make custom reports, graphs, and charts. It is perfect for smaller teams that are working on more than one product at the same time and need a single piece of software to keep track of tasks, deadlines, stakeholders, and problems.
Best features:
- Users can create and manage Gantt charts.
- Collaboration
- Integration with other tools like
Pros:
- Easy to use
- Accessible from different platforms (web)
Cons:
- Not a good choice for larger organizations
- Not fully optimized
Pricing: Their starting price begins at $7.99 monthly.
09. Redmine
Redmine is an open-source tool for managing products. It gives users a lot of freedom, especially when it comes to platforms and databases.
Redmine is a web-based software that can be downloaded from the host’s local product management framework and is fully configurable to your product requirements.
Best features:
- Project management tools
- Helps users organize and assign tasks with task management tools.
- Allows team members to exchange and collaborate on project plans
Pros:
- A huge list of features
- Completely customizable.
Pricing: Contact Redmine for pricing details.
10. Wrike
Wrike is an enterprise-grade collaborative product management tool that lets product teams build and manage their products effectively from anywhere in the world. Wrike is a remote-first product management platform that makes it easy to keep track of past, present, and future projects and orders.
Best features:
- Allows users to create and manage tasks
- Allows team members to exchange and collaborate on project plans
- Reports and dashboards are available in a variety of formats.
Pros:
- Able to keep track of old, ongoing, and new projects
- Enterprise-grade security feature
Cons:
- No in-built chat option
Pricing: Their pricing starts from $9.80 per month
11. Aha!
Aha! is world-class roadmap software that comes as a full management suite for all kinds of product teams.
The software has many features that let you plan, share visual plans, and put features in order of importance based on customer data. It lets you list the most important projects, which helps you reach each goal faster.
Best features:
- Roadmap creation and management
- Idea management tools
- Collaboration and sharing
Pros:
- Highly optimized for building the best roadmap
- Simple integration with third-party products
Cons:
- Not as visually attractive as other software in this list.
Pricing: Premium pricing starts at $9.00 monthly.
12. Pivotal Tracker
Pivotal Tracker is a tool for modern software development teams that helps them plan and manage their products.
It is designed to produce agile workflows and offers just enough structure to collaborate and communicate without requiring much software input.
Best features:
- Allows teams to plan and manage product development using agile methods
- Allows team members to share and collaborate on project plans.
Pros:
- Effective customer service
- Very streamlined user flow
Cons:
- It can be laggy and slow enough to slow team progress
Pricing: Their startup pricing is $10.00 monthly
13. Monday.com
Monday.com provides powerful product management software that assists product managers in planning their product’s entire lifecycle, from brainstorming and development to marketing and depreciation.
With the product roadmap template on monday.com, for example, product managers can see all the goals their team wants to reach, the tasks that need to be done, and when they need to be done.
Best features:
- Roadmap creation and management
- Variety of collaboration
Pros:
- Completely customizable
- A virtual roadmap can help reduce miscommunication and keep teams on track.
Cons:
- Monday.com has limited integrations with other tools
Pricing: Monday.com pricing starts at $8.00 monthly.
LEARN ABOUT: Agile Market Research
Conclusion
When it comes to product management tools, you have a lot of options to pick from. Where one has an advantage over another, the other may have a completely different advantage that you can incorporate into your product framework.
No matter what, list all your needs for an enterprise product before selecting one. If you can find tools that meet all of them, you’ve solved half of your product management problems.
You can give it a try to QuestionPro InsightHub if you are thinking of adopting one for your product management. QuestionPro InsightHub is a product management tool for organizations of all sizes and businesses.
Product managers, marketers, researchers, and other professionals who need to gather customer feedback and insights can use it.
The tool also includes collaboration features that allow teams to share and discuss customer feedback and insights with other stakeholders. It helps ensure that everyone is on the same page when making product and service decisions.
Try out QuestionPro to get the best value for your product management!
