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Idea Chosen

Topic Definitions #

Project Idea Evaluation Methods #

Impact and Effort Evaluation #

Voting #

Impact Mapping #

Expected Monetary Value (EMV) #

EMV=(P1×V1)EMV= \textstyle\sum ( P {\scriptscriptstyle 1} × V {\scriptscriptstyle 1})

Where:

  • P1 P {\scriptscriptstyle 1} is the probability of each outcome occuring (from 0 to 1);
  • V1 V {\scriptscriptstyle 1} is the monetary value or benefit of each outcome.

Weighted Shortest Job First (WSJF) #

WSJF formula:

For example, for “Feature A”: 

WSJF=10+1+11=10 WSJF = {10 + 1 + 1 \above{1pt} 1} = 10 

And for “Feature D”:

WSJF=1+8+108=1,25 WSJF = {1 + 8 + 10 \above{1pt} 8} = 1,25 

RICE (Reach, Impact, Confidence, Effort) #

2. Evaluate Each Feature Across the Four RICE Factors:

3. Calculate the RICE Score:

  • Apply the formula for each feature:
RISE=Reach×Impact×ConfidenceEffortRISE = {Reach × Impact × Confidence \above{1pt} Effort}
  • For example, for Biometric Authentication, the calculation would be:
RISE=81×5×0.752=152 RISE = {81 × 5 × 0.75 \above{1pt} 2} = 152 
  • For Stripe Pay Integration:
RISE=70×3×0.54=35 RISE = {70 × 3 × 0.5 \above{1pt} 4} = 35 

MoSCoW (Must, Should, Could, Won’t) #

Conclusion #

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Updated on 07.08.2025
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