RICE Prioritization
by Library Staff Product
Definition
RICE is an acronym for Reach, Impact, Confidence, and Effort. It provides a quantitative way to compare different projects or features based on their potential value versus the cost of implementation.
Origin
Developed by the product team at Intercom to improve their internal decision-making process.
The Formula
Score = (Reach × Impact × Confidence) / Effort
- Reach: How many people will this affect? (per time period).
- Impact: How much will this contribute to our goal? (Massive = 3x, High = 2x, Medium = 1x, Low = 0.5x, Minimal = 0.25x).
- Confidence: How sure are we about these estimates? (High = 100%, Medium = 80%, Low = 50%).
- Effort: How much time will it take? (Person-months).
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