This Simple Rice Prioritization Framework is a method for quantifying the potential value of features, project ideas, and initiatives to prioritize projects. It's an excellent tool for fostering Agile teamwork. You are responsible for developing your own scoring system within each section of the formula. However, reach is typically defined as a whole number within a time frame, impact as a number on a tiered scale, and confidence as a percentage on your custom scale, with 100% being the most confident. The effort is almost always measured in time, but it can also be defined in terms of any resource type, such as labor. To get started, use EdrawMax to create this Simple Rice Prioritization Framework.
