This video is amazing. I really liked how you not only just explained the RICE framework but also demonstrated how to use it with a help of a very relatable example. I'll definitely checkout more videos on this channel.
Thank you Nazre! We're really happy that this video helped. We'll have a few more coming about the backlog prioritization methods in the near future :)
Rice framework is mostly used for ? 1) measure reach 2) establish impact 3) calculate effort 4) all of above I got this question while giving an associate pm exam...and i still don't understand what can be the true answer for this.. please help !
Hi Rohit, that is one curious question 🤔 Could say that it may be option 2 - establish impact. Or none of the above =) Reach should be measured before as one of the metrics for the framework formula, and effort cannot be the core purpose of the whole prioritization process. The purpose of this prioritization framework is help to consider each factor of a project or product to be taken into work, but metrics in isolation can be of more (or less) importance depending on the business goals. Here's the article on RICE, where you can find more info 👉 jexo.io/blog/backlog-prioritization-rice-method/
Hi Amit, thanks for your question! We've chosen a slightly different scale for the Effort metric than for the others because it has one option less to choose the other metric. But we still wanted to distribute the impact of the Effort metric on the final priority score to be as close as the other metrics. You can always adjust metrics and their values if the scale in the video doesn't fit your need. For example, if you add the additional option to the Effort metric, it can then look something like this: Effort: 1 - Extremely hard 3 - Hard 4 - Medium 6 - Easy 8 - Very easy 10 - Zero effort If you want, you can also have a look at this article that originally introduced the RICE framework: www.intercom.com/blog/rice-simple-prioritization-for-product-managers/ First, I thought I've made a mistake, but then I noticed that R, I, C have 6 options you can choose from, but Effort has only 5. so that's why I adjusted that scale. I hope this helped! - Nikki, from Jexo.io
This video is amazing. I really liked how you not only just explained the RICE framework but also demonstrated how to use it with a help of a very relatable example. I'll definitely checkout more videos on this channel.
Thank you Nazre! We're really happy that this video helped. We'll have a few more coming about the backlog prioritization methods in the near future :)
Rice framework is mostly used for ?
1) measure reach 2) establish impact 3) calculate effort 4) all of above
I got this question while giving an associate pm exam...and i still don't understand what can be the true answer for this.. please help !
Hi Rohit, that is one curious question 🤔
Could say that it may be option 2 - establish impact.
Or none of the above =)
Reach should be measured before as one of the metrics for the framework formula, and effort cannot be the core purpose of the whole prioritization process.
The purpose of this prioritization framework is help to consider each factor of a project or product to be taken into work, but metrics in isolation can be of more (or less) importance depending on the business goals.
Here's the article on RICE, where you can find more info 👉 jexo.io/blog/backlog-prioritization-rice-method/
@@MondayCoffeexAppfire thank you...great help!
Why values of R I & C are 1,3,4,6,8 but for E it is 1,3,5,7 is there any reason for that?
Hi Amit, thanks for your question!
We've chosen a slightly different scale for the Effort metric than for the others because it has one option less to choose the other metric. But we still wanted to distribute the impact of the Effort metric on the final priority score to be as close as the other metrics.
You can always adjust metrics and their values if the scale in the video doesn't fit your need. For example, if you add the additional option to the Effort metric, it can then look something like this:
Effort:
1 - Extremely hard
3 - Hard
4 - Medium
6 - Easy
8 - Very easy
10 - Zero effort
If you want, you can also have a look at this article that originally introduced the RICE framework:
www.intercom.com/blog/rice-simple-prioritization-for-product-managers/
First, I thought I've made a mistake, but then I noticed that R, I, C have 6 options you can choose from, but Effort has only 5. so that's why I adjusted that scale.
I hope this helped!
- Nikki, from Jexo.io
@@MondayCoffeexAppfire & Nikki thanks for the clarification...hoping to see more such videos...all the luck in the world.
@@AmitMishra-zk6yb Thanks a lot Amit, we hope to have you around for our next videos!