RICE: A tool for assessing priority

The RICE tool allows you to usefully compare different ideas in a consistent way.

RICE consists of four factors:

• Reach: How many people will each project impact? —E.g. customers per quarter or transactions per month.
• Impact: Estimate the impact on a person - high (2x), medium (1x) or low. (x0.5) ( E.g. how much will this project increase adoption?
• Confidence: How confident are you in your estimates. Use a scale of high confidence (100%), medium (80%), or low confidence (50%)
• Effort: Estimate how many "person-months" a project will require from all team members involved.