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Decision Making Frameworks
RICE: Simple prioritization for product managers
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made by Intercom
RICE is an acronym for the four factors we use to evaluate each project idea:
how many people will this impact? (Estimate within a defined time period.)
how much will this impact each person? (Massive = 3x, High = 2x, Medium = 1x, Low = 0.5x, Minimal = 0.25x.)
how confident are you in your estimates? (High = 100%, Medium = 80%, Low = 50%.)
how many “person-months” will this take? (Use whole numbers and minimum of half a month – don’t get into the weeds of estimation.)
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