You can calculate the viability of project initiatives and features by using our free and downloadable RICE Framework Template here.
It features an automated formula to calculate the overall RICE score with ease.
The RICE Framework is a tool to help prioritize larger initiatives or product features that require cross-functional collaboration.
RICE takes its name from: Reach, Impact, Confidence, and Effort. Each of these is given a score, with RIC multiplied together and then divided by E. The higher the final score, the more viable the option is.
You can view our full guide on Project Priority Matrices here.