RICE Prioritization Template: How to Rank Projects (Free Guide)

Product roadmap prioritization with RICE scoring helps you rank competing initiatives objectively. This guide explains the method, gives a worked example, and includes a free template


What RICE Means for Product Roadmap Prioritization (quick refresher)

  • Reach – How many users will be affected in a time window?
  • Impact – How much it moves a key metric per user? (3 = massive, 2 = high, 1 = medium, 0.5 = low, 0.25 = minimal)
  • Confidence – How sure are you about Reach/Impact/Effort? (100%, 80%, 50%, 20%)
  • Effort – Total engineering/design/QA time for the whole project (in person-months or story-points)

RICE score = (Reach × Impact × Confidence) ÷ Effort


Product roadmap Prioritization with RICE: 5 steps

Define the time window
Pick one consistent period for Reach (e.g., 90 days) so projects are comparable.

Collect inputs for each candidate item
Source: analytics (usage, conversion, retention), support volume, sales pipeline, user research, OKRs.

Estimate R, I, C, E

  • Reach from data: DAU/MAU segments, # accounts affected, page views, ticket counts.
  • Impact mapped to your primary outcome (e.g., activation rate, expansion ARR, retention).
  • Confidence tied to evidence quality (experiment/runbook > strong data > directional signal > gut).
  • Effort estimated with engineering + design leads (T-shirt sizes → convert to person-months).

Score and sort
Compute RICE for each item; sort from highest to lowest. Cluster similar items (e.g., onboarding) to spot themes.

Pressure-test the top 5
Sanity-check against strategy & constraints: company bets, compliance, platform parity, partner contracts. Adjust only with written rationale.


Product Roadmap Prioritization Example

Context: B2B SaaS with 5,000 WAUs, aiming to improve activation and reduce time-to-value.

CandidateReach (90d)ImpactConfidenceEffort (pm)RICE
In-app onboarding checklist3,0002.00.831,600
Usage-based pricing pilot4003.00.54150
Dark mode1,2000.50.92270
CSV import reliability fix1,8001.00.911,620

Decision: Ship CSV import reliability and onboarding checklist first (highest RICE, aligned to activation/TTv). Park pricing pilot until data confidence increases.


Common Pitfalls (and fixes)

Inflated impact → Anchor to a single metric and a public scale (3/2/1/0.5/0.25) used by the whole team.

Effort optimism → Use ranges (pess/likely/optimistic) and average; revisit post-spike.

Reach hand-waving → Pull a real segment count (events/users/accounts) for the chosen window.

Scores drift → Re-score monthly or at each planning cycle with the latest data.


Template (paste into Sheets/Excel/Notion)

Columns: Initiative | Problem/Outcome | Reach (period) | Impact (scale) | Confidence (%) | Effort (pm) | RICE | Notes/Dependencies | Decision

Formula: =(Reach*Impact*Confidence)/Effort
Confidence as decimals (e.g., 80% → 0.8). Freeze top row; add conditional formatting on RICE.


Try It Now (10-minute sprint)

List 8–12 backlog candidates tied to your current OKRs.

Fill RICE quickly with your team leads.

Sort by RICE; choose the top 3 to spec this week.

Post the sheet in your #product channel. Invite challenges for 24 hours, then lock.


Pro Tips

Pair RICE with North-Star metrics and guardrails (e.g., don’t reduce activation at the cost of NPS).

Add a “confidence notes” column linking evidence (dashboard, user interview, experiment doc).

After shipping, retro: compare predicted vs. actual impact; adjust your impact scale calibration.


FAQs

Q: What if we’re pre-data?
A: Use proxy reach (e.g., # of accounts in pipeline) and set Confidence = 0.5 until you validate with a quick test.

Q: How do we handle tiny but mandatory items?
A: Tag them as Run-the-Business (RTB) and schedule separately so they don’t crowd strategy work.

Q: When should I use product roadmap prioritization (RICE) instead of a simple ICE score?

A: Choose RICE when you need precision, transparency, and defensible trade-offs for bigger bets. RICE forces you to estimate Reach, Impact, Confidence, and Effort, which makes it better for quarterly planning, cross-team work, and initiatives where audience size and delivery cost vary a lot.


Cross-read

Time Management Strategies for Busy Professionals – tactical day planning for PMs. – https://bobolink.ai/time-management-strategies/

Critical Thinking & Problem-Solving at Work – sharpen trade-off decisions. – https://bobolink.ai/critical-thinking-problem-solving-work/


Further Reading

For an in depth dive take a look at https://www.intercom.com/blog/rice-simple-prioritization-for-product-managers/ for more.

🚀 Ready to Learn Smarter, Not Harder?

Bobolink delivers personalized, AI-powered micro-lessons that adapt to your role, your projects, and your goals. Unlike generic courses, every lesson is relevant to your work—so you can apply what you learn immediately and see results at work the same day.

And for a limited time, you can try Bobolink completely free for 3 months. No risk, no fluff—just tailored learning that helps you grow faster.

Share the Post: