Rice Prioritization Framework: Explanation with Examples

Prioritisation is tough. It’s qualitative. It’s quantitative. And everything else in the middle. There is no magic formula that will work in every company or every situation. It requires both analytical and soft skills to get agreement on. But there are frameworks that can help make the job a little bit easier. They enable you to bring together all your analysis and findings in a cohesive manner that everyone can understand.

The RICE Prioritisation framework also know as the RICE Prioritization Method or the RICE Scoring Model or RICE Scoring or RICE Technique was authored by Sean McBride at Intercom. Over the years it has become one of the most popular frameworks to prioritise product development. It is extensively used by product manager all over the world to help make the right product prioritisation decisions.

RICE stands for Reach, Impact, Confidence and Effort. You assign values to each of these variables to come up with a RICE Score. The feature with the highest score is at the top of the To Do list.

In this video we will go over RICE Prioritization Framework and provide detailed explanation for its four parts.

We will end the video by going over a real world example of the Rice Prioritization Framework and what it means to apply it in your organization.


Chapters:
00:00 Introduction
00:11 Background
01:39 Why do you need RICE?
05:07 Definition of RICE
05:24 What is REACH?
06:17 How to measure REACH?
06:36 What is IMPACT?
08:04 How to measure IMPACT
10:51 What is CONFIDENCE?
13:31 How to measure CONFIDENCE?
15:01 What is EFFORT?
16:42 How to measure EFFORT?
18:56 RICE Score formula
20:25 Learning RICE through Example
26:46 Applying RICE in your Organization


You can check our detailed blog on the Rice Prioritization Framework in the link below:

www.dezkr.com/blog/rice-prioritization/

You can also check out more concepts and explanations on the blog section of Dezkr:

www.dezkr.com/blog/