Product management software helps companies plan, develop, and launch successful products. It allows teams to plan product strategy, assign tasks, communicate in real-time, share product information, track bugs, and test results.

Here are some basic features that robust product management software should have:

• Serves as an idea management repository while creating a new product or optimizing an existing one
• Lets product teams streamline their work by prioritizing the product backlog and ideas
• Offers roadmapping capabilities to track product development progress
• Provides resource management capabilities to evaluate skills, availability, and staff competencies before assigning resources
• Enables product roadmap creation, idea testing, and product development
• Empowers teams to boost productivity and increase task completion rates using Agile strategies