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1 Hack that helped me build a product roadmap efficiently. {Hint: It’s not building another feature} Hey, startup Founders, Tired of pouring resources into features that fail to deliver results? Let's cut through the noise and prioritize your product roadmap effectively. Your product roadmap may be overflowing with ideas, but not all features move the needle. It's time to distinguish between what's essential and what's merely noise. Enter the RICE model- a game-changer in product prioritization. Here's how it works: 1. Reach: Determine the potential user reach for each feature. How many users will benefit from this feature? 1000 users per month. 2. Impact: Evaluate the potential impact of each feature on users. On a scale of 1-5, with 5 being a significant impact, how much value does this feature add? 3. Confidence: Assess the level of confidence in the success of each feature. High (100%), Medium (80%), Low (50%). 4. Effort: Estimate the resources required to implement each feature. How many person-weeks or person-months will it take to develop this feature? 3 person-months. Calculating the RICE Score: RICE Score = (Reach x Impact x Confidence) / Effort Example: For a feature with 1000 users, an impact rating of 4, 80% confidence, and requiring 3 person-months, the RICE score would be (1000 x 4 x 80%) / 3 = 1067. A higher RICE score indicates greater potential value relative to effort. By applying the RICE model, you can prioritize features that offer the most significant impact with the least effort. This approach ensures that your product roadmap aligns with your business objectives and user needs, driving maximum value for your investment. P.S. Ready to streamline your product prioritization process and deliver results that matter? Share the challenges you are facing and let's solve them together. #saas #Saasgrowth #scale

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