RICE is an evaluation model that quantifies and prioritizes projects, developed by Intercom, a business communications software company.
The RICE acronym stands for four crucial factors in project evaluation:
Make a copy of the template and save in your Google Drive.
Begin by identifying the project or initiative you want to evaluate. Enter the name of the project in the first row of the first column labeled "Initiative."
Evaluate and enter the projects Goal, RICE Score, and Data sources behind your conclusions.
The RICE score for the project will automatically calculate based on the values entered in the four evaluation factor columns.
Repeat steps 3-8 for each project or initiative you want to evaluate.
Once you have evaluated all of your projects or initiatives, sort the rows in the sheet by their RICE score, starting with the highest score. This will help you prioritize your projects based on their potential impact and effort required.
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