RICE: Simple prioritization for product managers

RICE: Simple prioritization for product managers

Prioritization is a perennial challenge when building a product roadmap. You need to take the time to prioritize well. If you’ve put the effort into brainstorming new ideas, finding opportunities for improvement, and collecting feedback, you’ll have a solid product roadmap full of good ideas. But the order in which you tackle those ideas deserves just as much thought

Prioritization is a difficult problem

It’s satisfying to work on pet ideas you would use yourself, instead of projects with broad reach.

Impact

To focus on projects that move the needle on your goal, estimate the impact on an individual person

Confidence

To curb enthusiasm for exciting but ill-defined ideas, factor in your level of confidence about your estimates

Project 1: This will take about a week of planning, 1-2 weeks of design, and 2-4 weeks of engineering time. I’ll give it an effort score of 2 person-months.

Project 2: This project will take several weeks of planning and a significant amount of design time, and at least two months of one engineer’s time.

Reach

To avoid bias towards features you’d use yourself, estimate how many people each project will affect within a given period.

How is a RICE score calculated?

Four factors: Reach, Impact, Confidence, Effort and Effort

Project 1: 500 customers reach this point in the signup funnel each month, and 30% choose this option

The reach is 500 × 30% × 3 = 450 customers per quarter.

Project 1: For each customer who sees it, this will have a huge impact. The impact score is 3.

Project 2: This will have an impact for each customer, but lesser for each individual customer. Impact score is 1.9.

How to Use RICE Scores Effectively

RICE scores shouldn’t be used as a hard and fast rule.

RICE score: a simple tool for prioritization

A good prioritization framework can help you consider each factor about a project idea with clear-eyed discipline and combine those factors in a rigorous, consistent way.

Project 1: We have quantitative metrics for reach, user research for impact, and an engineering estimate for effort

This project gets a 100% confidence score.

Effort

To move quickly and have impact with the least amount of effort, estimate the total amount of time a project will require from all members of your team

Source

Get in