1. Value vs Effort Framework 2. RICE Framework 3. Impact Cost Prioritisation Framework

Hi Amit. Choosing the right framework for product management is in simple words prioritizing product management framework. For that, you have to make clear choices and priorities and the first and foremost priority is solving customer problems. For setting a question you ask a few questions to yourself; value vs complexity, benefit vs cost, regarding opportunity scoring, affinity grouping, story mapping, Moscow analysis, rice scoring, and some agile product frameworks. To know more about product management in-depth, you can check out this course https://seekho.ai/courses/all-about-product-management/CT-131-28633

RICE-Known as Intercom's internal scoring system for prioritizing ideas, RICE allows product teams to work on the initiatives that are most likely to impact any given goal. This scoring system measures each feature or initiative against four factors: reach, impact, confidence and effort (hence the acronym RICE). Value vs. Effort-This simple approach to prioritization involves taking your list of features and initiatives and quantifying them using value and effort scores. With this method, it’s important to keep in mind that the final scores are just an estimation. Kano Model-The Kano model plots two sets of parameters along a horizontal and a vertical axis. On the horizontal axis, you have the implementation values (to what degree a customer need is met). On the vertical axis, you have the level of customer satisfaction (the satisfaction values). They range from the needs not being met on the left, all the way to the needs being fully met on the right (the implementation values).