RICE, as you probably guessed, is an acronym. Here's what it stands for:
Impact: How meaningful that impact will be if and when it's done correctly
Effort: The time, energy, knowledge, and resources required
How and when to use RICE
I won't lie to you: This method is more convoluted than some of the others I've covered in the past. I might even recommend trying a simpler prioritization technique, like the Eisenhower matrix, before you try this one and only whip this out if Eisenhower or its peers aren't given you solid results. RICE takes a little time—and that's because you need to do some math.
That part is all subjective, similar to using the ABCDE method to assign grades to your to-dos. It can't be avoided—you won't know the true resources required or reach of the project until it's done—but you can quantify it a bit.
Next, you do math. It's R x I x C divided by E. You'll end up with a numerical score for each task. Rank the tasks in descending order, with the biggest numbers first. Obviously, you may find that some can't be completed until others are done, so use your discretion there, but for the most part, you've just created a clear outline of which things will have the biggest impact and reach and you can at least know where to start. Add each into your calendar using time boxing and time blocking, then get after it. Knowing you have a plan of attack is half the motivational battle.
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