RICE Framework Flashcards
What does RICE stand for?
RICE stands for Reach, Impact, Confidence, and Effort.
What is the RICE Framework used for?
The RICE Framework is a prioritization method used in product management to evaluate and rank ideas, features, or initiatives.
What is ‘Reach’ in the RICE Framework?
Reach measures how many users will be affected by this feature or initiative over a given time period.
Measured as a number (e.g., number of customers per month, sign-ups per quarter). Higher reach means more users benefit.
How is ‘Reach’ measured?
Reach is measured as a number, such as the number of customers per month or sign-ups per quarter.
What is an example of ‘Reach’?
If a feature impacts 5,000 users per month, its reach score might be 5,000.
What is ‘Impact’ in the RICE Framework?
Impact measures how much this initiative will influence an individual user’s experience or behavior.
Typically measured on a scale from 0.25 (Minimal impact) to 3 (Massive impact).
How is ‘Impact’ typically measured?
Impact is typically measured on a scale: 3 = Massive impact, 2 = High impact, 1 = Medium impact, 0.5 = Low impact, 0.25 = Minimal impact.
What is an example of ‘Impact’?
A feature that significantly increases engagement might score 2 (High impact).
What is ‘Confidence’ in the RICE Framework?
Confidence measures how sure you are about your estimates for Reach and Impact.
Expressed as a percentage.
How is ‘Confidence’ expressed?
Confidence is expressed as a percentage: 100% = High confidence, 80% = Medium confidence, 50% = Low confidence.
What is an example of ‘Confidence’?
If you have strong user research backing your data, Confidence might be 90%. If it’s based on a hunch, it might be 50%.
What is ‘Effort’ in the RICE Framework?
Effort measures how much time and resources are required to complete this initiative.
Measured in person-months or any unit of effort, like days or weeks.
How is ‘Effort’ measured?
Effort is measured in person-months or any unit of effort, like days or weeks.
What is an example of ‘Effort’?
If a feature takes a team of 3 engineers 2 months to develop, Effort = 6 (3 engineers × 2 months).