Prioritization helps us focus limited resources on the most impactful tasks. There are many methods to prioritize your to-do’s. The one I’ve adopted and been using is the ICE scoring method invented by growth hacking OG—Sean Ellis:
ICE Score = Impact x Confidence x Ease
ICE stands for impact, confidence, and ease. The method is straightforward and self-explanatory, but there are nuanced ways to define and score the three variables. Here’s my recommendation.
Impact (1~10 with 10 as the most impactful): How much does this impact your business?
Revenue, CAC
Operational efficiency
CSAT, retention
Confidence (0~100%): How confident are you that this will work? (0~100%)
Quantitative proof like experiments, data-driven insights
Qualitative research
Annecdotal
Gut feelings/Instincts
Vision, mission
Ease (1~10 with 10 as the easiest): How easy it is to implement it?
Engineering resources
Budget
Time to launch
Adoption
For instance, a new feature can 3X current ARR based on a prevoius A/B test and takes a team of 1 PM, 1 designer and 1 engineer just a couple of weeks to ship. Its ICE score may be I (10) x C (100%) x E(8) = 80. Or for a UI redesign requested by a few customers with low confidence on its impact that will take the same team two months to accomplish, its ICE score could be I (4) x C (50%) x E(5) = 10.
Happy Prioritizing!