The RICE s is a simple technique used to scoring Model prioritize projects or decisions. It stands for:
- R - Reach: This refers to the number of people who will be impacted by the decision or project.
- I - Impact: This considers the severity or importance of the effect the decision or project will have.
- C - Confidence: This estimates the level of effort, time, and resources required to implement the decision or project. It's essentially your level of certainty about the outcome.
- E - Effort: This represents the urgency or importance of the decision or project compared to others.
Simplicity: Easy to understand and apply, even for those without extensive decision-making experience.
Transparency: The scoring and comparison process is clear, promoting communication and understanding of prioritization choices.
Flexibility: Adaptable to different situations by adjusting the relative importance of each criterion.
Step 1: Define Your Projects or Decisions
- List all the projects or decisions you need to prioritize. Be clear and concise in describing each option.
Step 2: Establish Scoring Criteria
- Decide on a scoring system for each of the RICE factors (Reach, Impact, Confidence, and Effort). This can be a simple scale like 1-5 (low to high) or a more nuanced system with decimals.
- Clearly define what each score on the scale represents for each criterion. For example, a score of "5" for Reach might represent impacting thousands of people, while a score of "1" might represent impacting a small team.
Step 3: Assign Scores
- Work through each project or decision on your list and assign a score for each RICE factor.
- Discuss and agree on the scores as a team if possible, considering different perspectives.
Step 4: Calculate RICE Scores
- Once you have assigned individual scores for Reach, Impact, Confidence, and Effort, multiply these scores together for each project or decision. This will give you a total RICE score.
Step 5: Compare and Prioritize
- Compare the total RICE scores for all your projects or decisions.
- Generally, projects or decisions with higher RICE scores are considered more important and should be prioritized higher.