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Miroverse Templates

TEMPLATES FROM
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RICE PRIORITIZATION TEMPLATE

Evaluate and prioritize project and product ideas based on reach, impact,
confidence, and effort.

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ABOUT THE RICE TEMPLATE

The RICE template helps you evaluate and prioritize new ideas. Product teams
often use it to gain perspective before starting their product roadmap.

Your typical product roadmap contains a ton of moving parts — lots of exciting
ideas that your team might be eager to implement ASAP. Using the RICE template,
you make sure that you stay on track throughout the entire process. You’ll be
able to prioritize the most important tasks and focus on creating a product
roadmap that’ll bring you the most success.


WHAT IS A RICE FRAMEWORK?

When you think about your ultimate goal, delighting your customers, it’s hard
not to get overwhelmed with all these new ideas. Teams might be tempted to dive
right into the cleverest ones first without considering the potential lift. When
there’s so much to consider, how do you determine priorities?

This is where the RICE prioritization framework can help.

The RICE acronym stands for reach, impact, confidence, and effort — four factors
to help you evaluate and prioritize ideas. It’s a prioritization process that
allows your team to consider each project and assess its feasibility. When used
correctly, it can have a massive impact on the direction and growth of your
business.


WHEN TO USE RICE

RICE is an adaptable scoring model. It forces you to think through how and why a
project idea will or will not have an impact. It removes some of the emotion
from the decision-making process, making it easier for teams to come to a
consensus.

Here are some common scenarios where using the RICE framework template can be
helpful for teams:

 * You’re struggling to narrow down your ideas. Working in a team is great, but
   it often means that you have various ideas and suggestions to contend with.
   To help you impartially decide between several compelling ideas, use the RICE
   method.

 * You need to assign priorities in a product roadmap. A product roadmap
   outlines the direction and vision for your project line over time. Chances
   are, your product roadmap will feature a variety of ideas and suggestions. To
   narrow down your ideas and help your business grow as quickly as possible,
   use the RICE framework. Putting your ideas in the framework will show you
   what to prioritize.

 * Your team doesn’t agree. When your team is struggling to align or agree on
   new ideas, the RICE method is a simple way to get everyone together for a
   productive discussion.

 * You’re about to start a new project or launch a new product. Many teams find
   it useful to employ RICE at the beginning of each major project or when
   planning a new product launch. It helps them narrow down their ideas and
   focus on the most important aspects of the new project or product launch.


HOW DO YOU USE THE RICE TEMPLATE?

With Miro, making a RICE framework is easy. Our whiteboard tool is the perfect
canvas to create and share your RICE model with the rest of your team and any
key stakeholders that might want to take a look.

Get started by selecting this RICE template, then take the following steps:

1. Evaluate the reach of a project. How many people will the project affect?
Will your customer see a direct impact? Typically, teams measure reach as the
number of people impacted or the number of events occurring in a given period of
time.

For some teams, this means customers per quarter. For others, page views per
month. It’s important to quantify this value with real data, such as product
metrics. Remember, the outcome of this exercise is a numerical value that will
help you prioritize tasks.

2. Think about the impact of the project. If reach is how many people will be
affected by this project, impact measures the effect itself. Let’s say you’re
launching a new paid feature in your app. reach is the number of people affected
by this launch, while impact is how likely the launch is to convert them to
paying customers.

Unlike reach, impact can be difficult to quantify. Many teams evaluate impact
scores using a scale from 1 to 3. 1 is low impact, 2 is medium, and 3 is high.

3. Define your confidence score. How confident are you that this project will
have the desired impact? It might be the greatest idea you’ve ever had, but if
you don’t have the data to corroborate its success, it might not make sense to
work on it right now.

Your confidence score is evaluated as a percentage. 100% is total confidence,
80% signifies optimism but not total certainty, and 50% is low confidence.
Anything under 50% is very low.

4. Think about effort. What’s the total time it will take to complete this
project? To evaluate effort, don’t just think about the project itself, but also
think about the teams who will contribute. It might take four days to complete
the project as a whole, which breaks down into ten hours for engineering, 12
hours for marketing, and so on.

Your effort score is measured in person-months or the work that one team member
can execute in a month.

5. Calculate your score. To get a RICE score for a particular task, perform the
following simple calculation:

Reach x Impact x Confidence / Effort

A higher score indicates that you’ll get more value for your time. In other
words, you’ll spend less time working on it but yield the best results.

Although a lower score suggests less value, it doesn’t mean it’s not important.
Park it for now and return to it when the time is right. For now, you need to
focus on your top priorities, which will be the tasks with the higher scores.

6. Repeat the process for each task. Compile a list of tasks and scores to
assess your priorities. By the end of this process, you’ll have a clear idea of
what to do going forward.

RICE method FAQs


WHO INVENTED RICE PRIORITIZATION?

The RICE model was invented by Intercom. Or, more specifically, Sean McBride
co-developed the framework as a product manager at Intercom. Since its
inception, it’s been widely used by businesses from a variety of industries.


HOW IS THE RICE SCORE CALCULATED?

Your score is calculated using the following RICE formula: Reach x Impact x
Confidence / Effort. With this formula, businesses can figure out whether their
ideas and initiatives are worth including in their roadmaps.


WHAT IS THE RICE METHOD FOR PRIORITIZATION?

The RICE method for prioritization determines which of your ideas, concepts, or
products to focus on. It’s split into four categories: reach, impact,
confidence, and effort. You then use these categories to calculate the RICE
score. Using this method, you effectively prioritize which ideas are right for
your business. It helps you focus your efforts on initiatives that are more
likely to help your business succeed.


IS A HIGHER OR LOWER RICE SCORE BETTER?

With the RICE scoring model, bigger is better. Why? Because the bigger the
score, the more value you’ll get. Having a high RICE score indicates that you
have a successful idea on your hands. It’ll likely require less effort and time
than some of your other ideas, giving you some quick wins. A low RICE score
implies the opposite. Your idea might not be as successful, and it might require
more time and effort to bring it to life.


HOW DO YOU PRIORITIZE A ROADMAP?

There are lots of ways to prioritize product roadmaps. When using RICE, you’ll
use the existing framework as guidance. This means you’ll use the RICE scoring
method to identify which ideas and concepts to prioritize in your roadmap.

Strategy & Planning
Prioritization
Project Management
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RICE Prioritization Template

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BREAKOUT GROUP TEMPLATE

WORKS BEST FOR:

Education, Team Meetings, Workshops

Breakout groups provide an excellent opportunity for teammates to have candid
conversations and connect on a more intimate level than is possible during a
broader meeting. When you’re in a large group setting, it can be difficult for
people to feel safe or comfortable speaking up. In a smaller group, participants
can feel safer sharing their ideas. Since the group is more intimate, teams are
empowered to participate rather than observe.

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LEAN COFFEE TEMPLATE

WORKS BEST FOR:

Agile Methodology, Product Management, Meetings

What makes a great meeting (other than donuts)? It’s appreciating everyone’s
skills, resources, and time by making the very best use of them. That’s what the
Lean Coffee approach is designed to do. Great for team brainstorms and
retrospectives, Lean Coffee breaks the meeting into three basic stages: what to
discuss, what’s being discussed, and what’s been discussed. This template makes
it easy for you to collect sticky notes and to update the columns as you go from
topic to topic.

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4P MARKETING MIX TEMPLATE

WORKS BEST FOR:

Marketing, Brainstorming, Workshops

Product, Place, Promotions, and Price. Starting with this template (and those
4Ps) you can choose the best way to take your product or service to market. The
secret is to create just the right mix—deciding how much each P needs in terms
of investment, attention, and resources. That will help you build your
strengths, adapt to the market, and collaborate with partners. And our simple
whiteboard tool is the perfect canvas to create your marketing mix and share
with teams and across your organization.

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PLUS DELTA TEMPLATE

WORKS BEST FOR:

Software Development, Meetings, Retrospectives

The Plus Delta template is a simple but powerful tool for collecting
constructive criticism from a group. The format encourages you and your team to
focus on what went well, what you should repeat in the future, and what you
should aim to change. To complete a Plus Delta template, simply make note of
things that are working and things you would like to improve. You can then file
these elements into two separate columns. Use Plus Delta to showcase wins and
learnings for your team, stakeholders, employees, and bosses.

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MOSCOW MATRIX TEMPLATE

WORKS BEST FOR:

Ideation, Operations, Prioritization

Keeping track of your priorities is a big challenge on big projects, especially
when there are lots of deliverables. The MoSCoW method is designed to help you
do it. This powerful technique is built on a matrix model divided into four
segments: Must Have, Should Have, Could Have, and Won’t Have (which together
give MoSCoW its name). Beyond helping you assess and track your priorities, this
approach is also helpful for presenting business needs to an audience and
collaborating on deliverables with a group of stakeholders.

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START, STOP, CONTINUE RETROSPECTIVE TEMPLATE

WORKS BEST FOR:

Retrospectives, Meetings, Workshops

Giving and receiving feedback can be challenging and intimidating. It’s hard to
look back over a quarter or even a week and parse a set of decisions into
“positive” and “negative.” The Start Stop Continue framework was created to make
it easier to reflect on your team’s recent experiences. The Start Stop Continue
template encourages teams to look at specific actions they should start doing,
stop doing, and continue doing. Together, collaborators agree on the most
important steps to be more productive and successful.

Start, Stop, Continue Retrospective Template


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