RICEanalüüs

RICEanalüüs is a prioritization framework used in product management and project management to help teams decide which features or initiatives to focus on. The acronym RICE stands for Reach, Impact, Confidence, and Effort. Each component is assigned a score, and these scores are then used to calculate an overall priority score for each item.

Reach measures how many people will be affected by the initiative within a given time period. For example, if a feature is expected to be used by 10,000 customers in a quarter, its Reach score would be 10,000. Impact assesses the degree to which the initiative will contribute to a goal, such as increasing conversion rates or customer satisfaction. This is often scored on a scale, with a high impact being worth 3, medium worth 2, and low worth 1. Confidence represents the team's belief in the accuracy of their Reach and Impact estimates. It's typically expressed as a percentage, such as 100%, 80%, or 50%. Effort is an estimation of the time and resources required to implement the initiative, usually measured in person-months.

The RICE score is calculated by multiplying Reach, Impact, and Confidence, and then dividing by Effort. The formula is (Reach * Impact * Confidence) / Effort. Items with higher RICE scores are generally considered higher priority. This framework provides a structured and objective way to compare different ideas and allocate resources effectively. It helps teams move beyond subjective opinions and make data-driven decisions about where to invest their efforts for the greatest return.