#product #prioritization #backlog
idea
RICE stands for Reach, Impact, Confidence and Estimate. It's a framework to prioritize a backlog based on this:
$$ Score = \frac{Reach \times Impact \times Confidence}{Estimate} $$ Where:
- Reach = how many customers are impacted
- Impact = how much is the feature moving the needle
- Confidence = how confident are we about obtaining the impact
- Estimate = SWAG.