DICE Model

The DICE model is a tool used to help organizations assess the potential success of a project by considering four key factors: when it will be completed (Duration), the level of investment required (Investment), the certainty of outcomes (CO-benefits), and how well the project aligns with strategic goals (Efficacy). By evaluating these aspects, decision-makers can predict risks, estimate benefits, and prioritize initiatives. The model provides a structured way to ensure projects are feasible and aligned with organizational objectives, helping allocate resources effectively and improve overall project success rates.