RICE Calculator is an essential tool for product managers aiming to streamline their product prioritization process. By leveraging the RICE framework, which stands for Reach, Impact, Confidence, and Effort, this calculator provides a data-driven approach to decision-making. Key features include the ability to input values for each RICE component and instantly receive a numerical score, allowing for objective comparison of multiple initiatives. This tool eliminates the need for complex spreadsheets and manual calculations, offering straightforward scoring that works for any product backlog.

• Compare multiple initiatives: Use quantifiable metrics to evaluate and prioritize features.
• Data-backed decisions: Justify your prioritization choices to stakeholders with clear, evidence-based scores.
• Identify quick wins: Surface high-value opportunities and avoid low-value projects.

The RICE Calculator is particularly useful for managing large backlogs, balancing quick wins with long-term bets, and improving stakeholder communication by providing transparent and defensible reasoning for prioritization decisions.