Definition: the RICE Score is a (product) requirement prioritization model and formula.
The framework uses 4 aspects and corresponding metrics to compare different (product) requirements:
Reach: Used for measuring the number of people that would be impacted (benefited) by the new feature in a given timeframe.
Impact: This metric aims to quantify the how strongly a feature would benefit the users.
Confidence: Expressed in a percentage, covers the inaccuracies in the data used.
Efforts: The total time required by all relevant stakeholders (Product, Design, Engineering) for deploying the feature.
Metrics are used to calculate a final score.
More on product management: B2B Products, Perceptual Mapping, Planned Obsolescence, Positioning, Product, more...
You may also like:
Full-time MBA, Executive MBA, Executive Education, Online MBA.
MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.
We like to keep things short, and provide links to learn more about your subject.
© 2023 MBA Brief - Last updated: 4-12-2023 - Privacy | Terms