RICE Prioritization Score Formula Definition

Slide Content

The slide explains the RICE Prioritization Method, an acronym standing for Reach, Impact, Confidence, and Effort, which are key factors in determining the priority of business or project tasks. The main formula presented is "RICE score = Reach x Impact x Confidence / Effort", demonstrating how to calculate the prioritization score. Each component - Reach, Impact, Confidence, and Effort - is expanded with visual icons representing network reach, a target for impact, a thumbs-up for confidence, and a weight for effort, respectively. To the right, there is a rectangular box labeled "RICE Framework" with a brief explanation stating that it is a simple technique to assess new product features by considering their potential reach, expected impact, required effort, and confidence in delivering results.

Graphical Look

• The slide's title is prominently displayed at the top in a large, bold font.
• Four overlapping circles labeled "R", "I", "C", and "E" represent the acronym RICE and are connected to the formula for calculating the RICE score.
• The formula itself is presented in a large font, with multiplication and division symbols showing the relationship between the factors.
• Each letter of the RICE acronym is associated with a corresponding word (Reach, Impact, Confidence, Effort) and an icon graphically explaining the concept in a horizontal layout.
• The "Reach" icon features network lines and nodes.
• The "Impact" icon depicts a target with an arrow in the center.
• The "Confidence" icon displays a thumbs-up symbol.
• The "Effort" icon has a weightlifting weight.
• A text box on the right side titled "RICE Framework" contains a brief explanatory text and a graphical representation of a list, suggesting the ranking of ideas or tasks.
• The color scheme utilizes blue and orange tones, making important elements stand out and ensuring readability.

The overall look of the slide is professional and informative, with a clear focus on the RICE prioritization formula. The use of icons and color coding aids in the visual differentiation of concepts, enhancing comprehension.

Use Cases

• Presenting project management methodologies to a team or stakeholders to align on prioritization techniques.
• Training sessions for product managers on how to evaluate and rank new features or initiatives.
• Strategic planning meetings where leaders need to decide on the sequencing of project tasks or business objectives.
• Workshops or seminars focused on productivity and efficiency improvement, where the RICE methodology is used as a case study or tool.