Create a RICE score - Deepstash
Create a RICE score

Create a RICE score

RICE can help when deciding between hard-to-compare ideas.

Once you have estimated the factors of RICE, combine them into a single score to compare projects at a glance. Sort the list of the initial scoring and re-evaluate.

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MORE IDEAS FROM THEARTICLE

Prioritisation is a challenging problem

When building a product, brainstorming ideas, finding ways for improvement, and collecting feedback can result in many good ideas.

However, it can be challenging to prioritise the order in which you tackle those ideas for several reasons:

  • It's more satisfying to work on pet ideas you'd use yourself instead of projects with a broad reach.
  • It's tempting to focus on clever ideas instead of those that impact your goals.
  • New ideas are more exciting than ideas you're confident about.

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RICE: A tool for assessing priority

The RICE tool allows you to usefully compare different ideas in a consistent way.

RICE consists of four factors:

  • Reach: How many people will each project impact? —E.g. customers per quarter or transactions per month.
  • Impact: Estimate the impact on a person - high (2x), medium (1x) or low. (x0.5) ( E.g. how much will this project increase adoption?
  • Confidence: How confident are you in your estimates. Use a scale of high confidence (100%), medium (80%), or low confidence (50%)
  • Effort: Estimate how many "person-months" a project will require from all team members involved.

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Accepting that you can't do everything

The antidote to chronic overwhelm is accepting that you cannot do it all.

Prioritizing means embracing the limits of your time and your energy, and taking back control of your to-do list. Embrace tactical strategies to ensure your priorities rise to the top amid the busyness of life.

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The Duties of a Customer Success Manager

Customer Success Managers are responsible for developing a positive and trusting relationship with the client. This is a unique role that is a hybrid of customer service and sales.

When keeping up with your customer's value, it is important to communicate with them in a way that has sincerity. The results of your efforts to create value are measured in the customer's perception of that value.

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Product Managers (PM) are responsible for the growth of the product from the start. If the product fails, the PM takes full responsibility. To ensure a successful outcome, PMs need to spend a lot of time with their product to make it valuable for its users.

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