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Feature Prioritization

Feature prioritization is the process of ranking and organizing features in a product based on customer value, business goals, the amount of time and cost, and technical viability. It is practically not feasible to include all the decided features in the first version of a product, hence it is important to understand which features need to be and can be achieved in the first version or Minimum Viable Product (MVP).

We are using RICE method to understand the prioritization of our 18 decided features.
Features
Feature Group
Feature Name
Reach
Impact
Confidence %
Effort
Prioritization Score
Goals & target tracking
3000
000
92
10
828
Activity calorie tracking
3000
000
80
10
720
Daily journal
4000
000
90
10
720
Health vitals monitoring
3000
000
84
10
504
Health repository
5000
000
95
10
475
24/7 personal care team
5000
000
91
20
455
Food calorie tracking (manual/ voice based/ scan based)
2500
000
80
20
300
Interoperable with third party tracking devices
3000
000
82
25
295.2
AI based actionable insights & personalized recommendations
4000
000
91
40
273
Free unlimited in-house doctor consultations
4500
000
69
40
232.88
Cashless payment processes
4000
000
57
30
228
Insurance premium linked with health improvement
4000
000
55
20
220
Free check-ups from partner labs
4000
000
70
30
186.67
OPD insurance cover - up to Rs. 10 Lacs
4000
000
60
40
180
IPD (hospitalization) insurance cover - up to Rs. 1 Cr.
4000
000
49
40
147
Durable, Cannot be easily tampered
2000
000
78
50
62.4
More accuracy & continuity
2000
000
76
50
60.8
In-built bio markers
2000
000
72
50
57.6
There are no rows in this table
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Reach: how many people will this impact? (Estimate within a defined time period. Considering values in range of 1000-5000) ​Impact: how much will this impact each person? (Massive = 3x, High = 2x, Medium = 1x, Low = 0.5x, Minimal = 0.25x.) ​Confidence: how confident are you in your estimates? (High = 100%, Medium = 80%, Low = 50%.) ​Effort: how many man-efforts will this take? (using values in range of 10-50. Taking 50 as highest rfforts required.)
The prioritization score is calculated based on simple formula: Reach * Impact * Confidence / Effort
Chart of Features
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