Other popular and simple prioritization techniques are ICE and RICE. ICE and RICE are acronyms as they contain the first letter of the components you will rate your tasks with:
With ICE you rate tasks with Impact, Confidence and Ease
While with RICE method tasks are rated with Reach, Impact, Confidence and Effort.
As you may have already noticed that they have 3 similar components but have different formulas to get the final score.
Impact indicates the affect of the feature on the product
Confidence shows your assurance in your evaluation - how you are confident in it.
Ease and Efforts are the same - it’s the ease of implementation - how much effort is required to embody this idea.
And Reach for RICE is a number of people/events per time period - how many people each feature or project will affect within a specific time period and how many of them will notice the changes.
The evaluation is the same as you’ve done before - you open a task and put the value.
In ICE each component can be rated from 0-10, while in RICE it depends on the component itself: Reach and Effort are rated with a general number, you can put 0,25;0,5;1;2;3 for Impact and Confidence - 1-100%.
Once you put your evaluation you’ll be calculated and displayed the final score. As there is no Priority Matrix everything will be on Table view of the board. On this board view you will be able to sort tasks by each component.
RICE and ICE allow you to define the most valuable tasks by calculating the score with the formulas. The higher the score the more profitable task for you. You don’t need to compare any criterion, you just choose the tasks with the highest score and work on it. That’s the easiest way to get things done.
Watch our video tutorial to see the ICE Prioritization in action: