RICE Framework Template
Use our free RICE framework template to determine which products, features, and projects to prioritize.
What is the RICE prioritization framework?
RICE is an acronym that stands for Reach, Impact, Confidence, and Effort. It is a prioritization framework used to evaluate and prioritize projects or tasks based on these four criteria:
- Reach: This measures how many people will be affected by the project or task. It quantifies the potential audience or users who will benefit from or be impacted by the project.
- Impact: This assesses how significantly the project or task will influence or benefit the target audience. It quantifies the degree of positive change it will bring about.
- Confidence: This reflects the level of certainty or confidence the team has in the estimates for Reach, Impact, and Effort. It's important because if there's low confidence in the estimates, it may affect the overall prioritization.
- Effort: This evaluates the resources, time, and complexity required to complete the project or task. It quantifies the amount of work that needs to be done.
By assigning numerical values (usually on a scale of 1-10) to each of these criteria, you can calculate a RICE score for each project or task. The formula for RICE score is:
RICE Score = (Reach x Impact x Confidence) / Effort
The higher the RICE score, the higher the priority.
The RICE framework is useful because it provides a structured and objective way to prioritize tasks or projects. It helps teams make informed decisions about where to allocate their resources and efforts, ensuring that they focus on projects that will have the most significant impact with the least amount of effort. This can lead to more efficient use of time and resources and ultimately improve the overall effectiveness of a team or project.