ICE PRIORITISATION TOOL

Setting Business Priorities

ICE PRIORITISATION TOOL – how to use itExtraordinary Opportunity

Impact Cost Effort Total (add columns values)

High 2 0 04Low 0 1 1

How to use the tool: The tool uses a matrix format with impact, cost and effort presented as column headings. Each factor must be evaluated and classified as either high or low. If the Impact is high, the numerical value is 2, if it is low – it’s 0. In the next column, if the cost is high, the numerical value is 0; if it is low, the numerical value is 1. In the third column if the effort required is high, the numerical value is 0, if it is low – the numerical value is 1.

Source: Chaneski, W.S. 2012, "Use ICE to Set Business Priorities", Modern Machine Shop,vol. 84, no. 9, pp. 34-34,36.

ICE PRIORITISATION TOOL – interpretation of the scoreScore from the Matrix

Type of Opportunity Action Required

4 Extraordinary opportunity

Needs immediate action.

3 Strong Opportunity Act upon as soon as possible.

2 Opportunity Act upon as resources are available.

1 Minor Opportunity Placed in ‘future’ status.

0 No Opportunity Should not be pursued.Adapted from: Chaneski, W.S. 2012, "Use ICE to Set Business Priorities", Modern Machine Shop,vol. 84, no. 9, pp. 34-34,36.