Our Top 7 Picks for Best Product Management Tools: The Ultimate Guide

Product management software became popular in the early 2000s as companies began investing more heavily in product development. At that time, there was a need for a tool that could help manage the product development process, from idea to release. Product management software fills that need and has since become an essential tool for product managers. 

Today, there are many different product management software options on the market, each with its own features and capabilities. While the specific features of each tool may vary, they all share the common goal of helping product managers successfully develop and release products.

What is Product Management?

A product management tool helps product managers with various tasks, such as product planning, product development, and product marketing.

There are different types of product management tools available on the market, but not all of them are created equal. Some are better at helping you with specific tasks, while others are more general in purpose.

There’s no shortage of product management tools on the market today. But with so many options, it can be tough to know which ones are right for your team.

In this blog post, we will be taking a look at the seven best product management tools for your team in 2022. These tools have been carefully selected based on their ability to help product managers with various tasks, as well as their overall ease of use.

What to Look Out for in Choosing the Best Product Management Tools.

Product management is a challenging and rewarding field. The best product management tools make your job easier by helping you track progress, communicate with stakeholders, and make data-driven decisions. 

When choosing product management tools, look for features that will help you in each stage of the product life cycle, from ideation to launch and beyond. 

Here are a few key features to look for: 

• Ideation and planning. Look for tools that help you capture product ideas from customers and stakeholders, track progress on product roadmaps, and create visual product specifications. 
• Product development. Look for tools that help you manage agile product development processes, communicate with developers, and track bugs and features. 
• Launch and marketing. Look for tools that help you track product performance, create marketing collateral, and manage product launches. –
• Customer support: Look for tools that help you track customer satisfaction, manage product feedback, and resolve product issues. 
• Integration. Your project management tool integration with other Major software you use is an important factor to consider.
• Value for money and Affordability. Another significant question is the product software affordability for your start-up because you do not want to go beyond your project for the software. Moreover, Is the Software well-optimized enough to give you value for your money? The answer to this question should determine whether you will subscribe to the Product management software you pick.

Review of Our 7 Top Picks

Monday.com

Monday is one of the best product management tools out there. It helps you manage your products, track your progress, and collaborate with your team. Monday has a simple and user-friendly interface that makes it easy to use.

Monday also has a great community of users who are always willing to help and support each other. Monday is a great tool for anyone who wants to manage their products effectively. Monday will help you manage your products, track your progress, and collaborate with your team.

Features We Love 

• Simple and user-friendly 
• Has a great community of users
• Great for managing products effectively 
• Flexible enough to accommodate any workflow and powerful enough to handle even the most complex projects.
• Monday makes it easy to share product information with your team.

Pricing

Monday has 5 subscription plans: The free, the basic, the standard plan, the pro and the enterprise plan.

• The free plan can only two accommodate at $0 rate
• The basic plan costs $8 per month and &24 dollars annually, saving you lots of dollars. It comes with unique features.
• The standard plan is the most popular plan, and its costs are &10/per month and $30 per year.
• The Pro Plan costs $16/month and $48 per year and
• The enterprise requires enterprises to reach out to the support team to get full information.

Productboard 

Productboard is a product management tool that enables you to prioritize features, track progress and manage your product roadmap. It is simple and easy to use, making it a great tool for product managers who want to get started with product management or for those who are looking for a more streamlined way to manage their product roadmap.

Productboard integrates with popular project management tools such as Jira, Asana, and Trello, making it easy to keep track of your product development process. It also offers a free trial so you can try it out before you commit to a paid subscription.

What We Love

• You can create a product roadmap. 
• You can gather customer feedback from the software.
• It Prioritizes amazing  features. 
• This software helps you track your product management  progress 
• It has a 15-day free trial option
• It allows for collaboration between the product manager and the development team.

Pricing

Productboard has two pricing categories: For your team and For your organisation

• For your team has essential and Pro. The essential cost is $20/month if you pay one year upfront and  $25 if you pay per month. The Pro plan costs $80/month if you subscribe annually and  $90 for a month-to-month plan.

• For your Organization. This category has scale and enterprise session and it requires the person to contact 

• This Plan has a scale and Enterprise plan and you have to contact the support team to know more.

Trello

Trello is a great tool for managing products. It’s simple to use and Trello makes it easy to keep track of your product development process. Trello also helps you communicate with your team members and stakeholders about your product development process.

What We Love

• You can create unlimited boards, lists, and cards with this software
• The ability to add comments, attachments, and due dates to cards 
• It helps you to create checklists and assign tasks to team members 
• It integrates with a wide range of third-party applications

Pricing

Trello has a free plan that costs $0 per month. It has many features and can accommodate up to 10 team members.

The standard plan is $6/monthly and $5 for an annual bulk subscription

The premium plan costs $12 per  month and $10 for an annual bulk subscription

The Enterprise plan costs $17.50 per month and is billed at $210 annually per user, with the estimated cost per user being $25.

Jira 

Jira is a software tool used by developers to track, manage, and report on bugs or issues within software programs. Jira can be used for project management as well, providing a centralized place for team members to communicate and collaborate on tasks. Jira’s reporting features give both developers and project managers insights into the health of their projects.

Jira is a versatile tool that can be customized to fit the needs of any team or project. Jira provides developers with a place to track work items, bugs, and issues. Jira is available in both on-premise and cloud-based versions.

What We Love 

• It is easy to use and very user friendly 

•  Great for project collaboration 

• Jira helps you stay organized and on track with your project 

• You can easily add new features and products 

• Great support from the team at Jira 

• Jira is constantly improving its features and products 

• It has a free trial feature

Pricing

• Jira’s paid plans are based on the number of users, with Jira Core, Jira Software, and Jira Service Desk each having its own pricing page. The price per user decreases as the number of users increases. If you’re not sure how many users you need, try the free trial first. There is also a Jira Data Center pricing page for enterprise customers.
•  Jira Core is free for up to ten users, with paid plans starting at $30 per month for up to 100 users. Jira Software is free for up to seven users, with paid plans starting at $50 per month for up to 100 users. Jira Service Desk is free for up to three users, with paid plans starting at $20 per month for up to 100 users. Jira Data Center is priced according to the number of nodes, with a minimum of eight nodes. If you’re not sure which plan is right for you, contact Jira Support for help.

Pivotal Tracker 

Pivotal tracker is a product management tool that enables you to manage your software development projects in one place. It provides you with a clear overview of your project progress and helps you to track and communicate the status of your project to your team.

Pivotal tracker is easy to use and has a user-friendly interface. It is a  great tool for managing small to medium-sized projects. pivotal tracker is a great choice for those who are looking for a simple and effective product management tool for their software development project.

What We Love About Pivotal Tracker

• Features like story maps and release graphs help you stay focused on the big picture while still being able to dive into the details when needed. 

• The product also integrates with a number of other tools and services, making it easy to get started with the tracker and use it as part of your existing workflow.
• It allows you to track the progress of your project in real-time.

•  It provides an easy-to-use interface that makes it easy to keep track of your project.

•  It enables you to collaborate with your team members in a simple and effective way.

•  It allows you to track the performance of your team members.

•  It provides a detailed report of your project progress.

Pricing

Pivotal tracker has 4 plans:

• The free plan cost $0 for 1-5 collaborators
• Start Plan cost $10 per month and it is a flat rate
• The Standard plan costs $6.50 per month and 
• The custom plan is a customizable plan and to get the pricing, you have to contact the support team.

Asana

Asana is a product management tool that enables you to effectively manage your products and track their progress. Asana gives you an overview of all your products in one place, so you can easily see how each product is progressing and what needs to be done next.

Asana also makes it easy to share progress updates with your team and keep everyone on track. Asana is the perfect tool for product managers who want to streamline their workflow and get a better overview of their products. Asana is available for free and paid plans.

What We Love

• Asana allows you to create a custom workflow for your team. This means that you can tailor Asana to fit the specific needs of your team.
• Asana has a built-in Kanban board that helps you visualize your work and track progress.

• Asana integrates with a variety of other apps, so you can manage all your work in one place.
• Asana offers a wide range of features that make it very versatile and adaptable to different needs.
• Asana is constantly adding new features and improvements, making it one of the market’s most innovative and forward-thinking product management tools.
• Asana is designed to be user-friendly and easy to use, even for those who are not familiar with product management tools.

Pricing

Basic, Premium, and Business.

• Basic cost $0
• Premium Plan cost $10.99/month for annual bulk billing and $13.49 for a monthly subscription
• The business plan cost $24.99 for annual bulk billing and $30.49 billed for a monthly subscription

Walling

Walling is an excellent product management tool for buyers because it makes finding and buying products easy. Walling provides a marketplace for buyers to find and purchase products from Walling sellers. 

Walling also allows buyers to manage their purchases and track their order history. Walling is the perfect tool for buyers who want to manage their purchases and find the best product deals.

What We Love

• Helps you manage your walls with ease.
• It will help you keep track of your wall inventory. 
• Has a free plan option although with limited features. 
• This tool can help you create and manage your wall designs.
• The software can help you get the most out of your walls. 
• It saves you time and money. 
• It helps you increase your productivity.

Pricing

• Walling’s starting price is $4.95 per month.
• The Premium plan is $8 per month and $5 for bulk annual billing.

Final Thoughts

The product management field is always evolving, so it’s important to stay up-to-date on the latest tools and trends. For more product management tips, check out our other blog post on the Best Kanban Software to Manage your workflow and The Best Product Research tool in 2022.

Monday.com ranked top in the list of our reviews because of its many amazing features. It is reliable, customizable, and affordable. With Monday, you can create different boards and sub-board; assigning tasks with tags and word status features are what makes Monday.com top our list.

Finally, the best product management tools will vary depending on your needs, so be sure to choose a tool with the features you need to succeed in your role. Do some research and ask for product recommendations from your peers to find the right fit for you.