Release plan

A release plan is a strategic document used by product managers to outline development goals, strategies, and timelines, managing stakeholder expectations and aligning with business goals. Learn more about release planning now.

Product Management Glossary

What is Release Plan?

A release plan is a document that outlines the schedule and scope of a product release. It is a strategic plan that helps product managers and their teams to plan, coordinate, and execute the release of a product or a new version of a product. A release plan is a critical component of the product development process as it helps to ensure that the product is delivered on time, within budget, and with the desired features and functionality.

Why is Release Plan important?

A release plan is important for several reasons:

  • It helps to ensure that the product is delivered on time and within budget.
  • It helps to identify potential risks and issues that may arise during the product development process.
  • It helps to ensure that the product meets the needs and expectations of the customers.
  • It helps to coordinate the efforts of the product development team and other stakeholders.

What are the key components of a Release Plan?

A release plan typically includes the following components:

  • Release Goals: The overall objectives of the release.
  • Release Scope: The features and functionality that will be included in the release.
  • Release Schedule: The timeline for the release, including key milestones and deadlines.
  • Resource Allocation: The resources that will be required to complete the release, including personnel, equipment, and budget.
  • Risk Management: The potential risks and issues that may arise during the release, and the strategies for mitigating them.
  • Communication Plan: The plan for communicating with stakeholders, including customers, team members, and management.

How to create a Release Plan?

Creating a release plan involves the following steps:

  1. Define the release goals and objectives.
  2. Identify the features and functionality that will be included in the release.
  3. Estimate the time and resources required to complete the release.
  4. Identify potential risks and issues that may arise during the release.
  5. Create a timeline for the release, including key milestones and deadlines.
  6. Allocate resources, including personnel, equipment, and budget.
  7. Create a communication plan for stakeholders.
  8. Review and revise the release plan as necessary.

Product Management Glossary - Release Plan