Do you know research has proven that effective product management can rapidly increase your daily maximum profit by 40.5 percent? Most business organizations find it very difficult to answer the question ” What exactly is product management?” and that is because product management embraces a wide range of responsibilities in a company.

Product management is a wide range of activities or structures put in place in a business organization (Mostly by their product managers), to ensure there is a continuous improvement in their products. Product management is also a Long-chain of TCS processes, focusing on introducing a new company’s product (Or an existing one) to the market. This involves bringing products that people are willing to buy or interact with.

This vital role is played by the product manager of the company. A product manager is also a member of a company, whose full responsibility is to generate both external and internal product perception and manages the product right from scratch. To streamline the product lifecycle and to have successful product development, every product manager must have and must be able to use the perfect product management software. In this article, are a few highlighted best product management software every product manager must learn to implement.

Top 7 Best Product Management Software

  1. Clickup: Best Overall product management software.
  2. Monday.com: Best Adaptable product management software.
  3. productboard: Best product management software for Customer Research.
  4. Productplan: Best product management software for Road mapping.
  5. Wrike: Best product management software for collaborative Management.
  6. Celoxis: Best product management software for Small-sized business.

1. ClickUp: Best Overall product management software

Pricing: The lowest price is 5 USD per member/month

OVERVIEW:

ClickUp is a multipurpose product management software for all business sizes, it increases the productivity of the team members. This software ensures collaboration among the management team members through effective document management and goal tracking. ClickUp software is embedded with features like scrum points which helps businesses of all types to develop their projects and a task management system that helps you to automate your tasks. ClickUp enables team members to develop strategies to successfully manage your projects

KEY FEATURES

  • Simple reporting and streamliner features
  • Dedicated API
  • Simple drag and drop user interface
  • Workload charts
  • Checklists and agile boards views
  • Built-in or customized templates
  • Integration with multiple third-party application
  • Tracking and Monitoring

REASONS TO USE

  • It is less expensive
  • Friendly user-interface
  • Most processes are automated
  • Automatically stores all products and other related files with Docs
  • Saves time

REASONS TO AVOID

  • The android features are limited

2. Monday.com: Best Adaptable product management software

Pricing: Basic plan is 8 USD per month/seat.

OVERVIEW:

The features in Monday.com can adapt easily to any business type. It is Cloud-Based, the software allows users to track and manage their products in a simple unified workspace. This software can also be used as an agile product management tool, making it very versatile. You can customize the features to make your product management system using slack and GitHub. Getting this software will create a great impact on your business.

KEY FEATURES

  • Flexible visual elements
  • Kanban and Gantt dashboard
  • Intuitive user interface
  • Customizable and built-in templates
  • Flexible Scrum platforms
  • Reporting and statistical features
  • Progress tracking and monitoring

REASONS TO USE

  • It is versatile and flexible
  • Can be adopted in any business organization
  • Can be used for multi-based development
  • 24-hour customer support live chat
  • It is less expensive and very easy to use

REASONS TO AVOID

  • There is no specific reason to avoid it, the support team is on standby to resolve any issue.

3. Productboard: Best product management software for Customer research

Pricing: Pro plan is 50 USD per month

OVERVIEW:

The fact that Productboard is used for product development by industry heavyweights like Microsoft and Zendesk lets you know you’re in good hands. To comprehend and rank user wants, this product management solution places a strong emphasis on consumer research. The emphasis on client feedback helps you build product features that are matched the customers’ requirements. Productboard provides you with a wealth of tools that enable you to categorize feedback and translate it into meaningful insights for product feature planning.

KEY FEATURES

  • Dedicated API and feedback repositories
  • Assessment system
  • Stakeholder messaging tools
  • Real-time monitoring and Alert tools
  • Timeline-Based roadmaps

REASONS TO USE

  • The system helps users to categorize and prioritize feedback
  • The system uses a multi-Level security
  • Helps users to manage client feedback

REASONS TO AVOID

  • There is no major reason to avoid

4. ProductPlan: Best Product Management Software for Roadmapping

Pricing: 39 USD per month

OVERVIEW:

A productPlan is an effective tool for creating product roadmaps. Planning, visualizing, and communicating product strategy amongst teams and departments may be done simply and effectively with this software.

The software offers over 25 editable product planning templates that are appropriate for a variety of markets and product kinds. Plans for product launches, OKRs, executive-facing portfolios, and many other things have unique templates. This software can also interface with other programs like Jira, Slack, and Trello

KEY FEATURES

  • Product planning Timeline/Board
  • Product planning portfolio
  • Simple collaboration tools
  • Professional security features
  • Advanced roadmapping tools.

REASONS TO USE

  • Users have access to customizable and built-in templates and roadmap layouts
  • It has an unlimited number of viewers.
  • Easy import of backlogs

REASONS TO AVOID

  • Bad customer support service
  • It has limited android features

5. Wrike: Best product management software for collaborative Management

Pricing: 24.80 USD per month (Business plan)

OVERVIEW:

Using Gantt charts and Kanban boards, this application enables you to completely personalize your projects. Work Intelligence, another AI function available in Wrike, lets you automate tasks and foresee the level of risk associated with a product’s development.

Through the Wrike API, Jira, Gmail, and Dropbox are all effortlessly integrated with Wrike. It’s perfect for agile teams specializing in collaborative software development because of its extensive integration capabilities.

KEY FEATURES

  • Dedicated help centers
  • Customizable templates
  • 400+ App integrations
  • Intelligent Automation
  • Product risk prediction
  • Real-time notifications
  • Reports sharing (Advanced analytics)

REASONS TO USE

  • It is scalable
  • It has a high-grade security
  • Can be used by any team size.
  • It is versatile, therefore the software can support any stage of product management

REASONS TO AVOID

  • The higher the price the higher the rate of capabilities of the Features
  • Processing times are sometimes slow because not all features are Automated

6. Celoxis: Best product management software for Small-sized business

Pricing: Cloud plan is 22.50 USD per month

OVERVIEW:

Celoxis is a top-rated tool used by Small-sized to large businesses. This software is majorly used by team members looking for a medium to collaborate in a Cloud-based environment.

This management tool includes a lot of comprehensive features for time tracking, advanced reporting, budgeting, and so on, using this software, you have a great assurance that you can manage a lot of real-world products portfolio.

KEY FEATURES

  • Advanced accounting features
  • Built-in templates and workflow
  • Product wise-time and expense
  • Advanced tracking features
  • Resource management tool

REASONS TO USE

  • The software is fully optimized for mobile
  • Multi-language support
  • The software runs very fast
  • It is customizable

REASONS TO AVOID

  • The enterprise plan is expensive

One of the major reasons for getting robust product management software is that it helps you manage the entire product lifecycle and helps you deliver a standard product to your customers. Today, get good management software and amaze your customers.

Reference and Links

  • https://clickup.com/blog/product-management-tools/
  • https://www.adamenfroy.com/product-management-software
  • https://280group.com/what-is-product-management/definition/
  • https://www.productplan.com/learn/what-is-product-management/
  • https://www.altexsoft.com/blog/business/