RICE Scoring is a point based prioritization method to prioritize the product features for development. It helps product managers manage the developmental roadmap by removing biases. RICE is an acronym - Reach, Impact, Confidence and Effort. RICE Score = (Reach x Impact x Confidence) / Effort. A higher positive score gets higher priority.
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Mokshesh on 18th Sep 2021.
Applause for all the respondents - Varuna Kakathkar, Mokshesh, Somnath Mukhopadhyay, Manas Mohapatra, Saravanan MR, Abhishek Chaudhary, Johanan Collins, Mohammad Mahmudul Hassan, Meenakshi Iyer.