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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
1
Feature Group
Feature Name
Reach
Impact
Confidence %
Effort
Prioritization Score
1
Health & Fitness Monitoring
Goals & target tracking
3000
3
000
92
10
828
2
Health & Fitness Monitoring
Activity calorie tracking
3000
3
000
80
10
720
3
Health & Fitness Monitoring
Daily journal
4000
2
000
90
10
720
4
Health & Fitness Monitoring
Health vitals monitoring
3000
2
000
84
10
504
5
Health Check-ups & Consultations
Health repository
5000
1
000
95
10
475
6
Health Check-ups & Consultations
24/7 personal care team
5000
2
000
91
20
455
7
Health & Fitness Monitoring
Food calorie tracking (manual/ voice based/ scan based)
2500
3
000
80
20
300
8
Health & Fitness Monitoring
Interoperable with third party tracking devices
3000
3
000
82
25
295.2
9
Health & Fitness Monitoring
AI based actionable insights & personalized recommendations
4000
3
000
91
40
273
10
Health Check-ups & Consultations
Free unlimited in-house doctor consultations
4500
3
000
69
40
232.88
11
Health Cover
Cashless payment processes
4000
3
000
57
30
228
12
Health Cover
Insurance premium linked with health improvement
4000
2
000
55
20
220
13
Health Check-ups & Consultations
Free check-ups from partner labs
4000
2
000
70
30
186.67
14
Health Cover
OPD insurance cover - up to Rs. 10 Lacs
4000
3
000
60
40
180
15
Health Cover
IPD (hospitalization) insurance cover - up to Rs. 1 Cr.
4000
3
000
49
40
147
16
Fitness Ring
Durable, Cannot be easily tampered
2000
2
000
78
50
62.4
17
Fitness Ring
More accuracy & continuity
2000
2
000
76
50
60.8
18
Fitness Ring
In-built bio markers
2000
2
000
72
50
57.6
There are no rows in this table
⁠

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
1
⁠

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