RICE - Product Management Framework
RICE—which stands for Reach, Impact, Confidence and Effort—is a prioritization framework for quantifying the potential value of features, project ideas and initiatives. A RICE score helps product managers quantify the estimated value of a feature or project idea so they’re easier to sort when it’s time to decide the order they should be worked on. RICE Score = (Reach * Impact * Confidence) / Effort Source: Roadmunk , Medium