OKRs are a management technique that connects company, team, and personal objectives to measurable results. OKRs help employees stay focused on the vision and goals of the organization. They provide clarity on what is expected of employees and keep objectives front of mind. OKRs have two parts - Objectives, which are qualitative statements of ambition, and Key Results, which are quantitative metrics to measure progress towards the Objectives. Implementation of OKRs involves setting 3-5 Objectives at a time with no more than 3 Key Results per Objective. Objectives should be ambitious but contribute to overall organizational goals. Regular review of progress, such as monthly or quarterly, helps ensure OKRs remain active priorities.
2. What is OKR and what’s in it for me?
• Is a management technique for
recurring planning and progress
reporting
• Connects company, team and
personal objectives to
measurable results, making
people move together in right
direction
• Helps keep vision, goals and
objectives always in front of
employees
• Employees get clarity of knowing
what’s expected from them
3. OKR stands for…
• “Objectives” and “Key Results”
• Is a management technique for recurring planning and
progress reporting
• Connects company, team and personal objectives to
measurable results, making people move together in
right direction
4. OKR Structure
Objective Key Results
… is Qualitative … are Quantitative
Example:
Build X skill within the team by Dec’ 14
Example:
Arrange training on X
Get team certified on X
Do a POC to showcase capability on X
• Planned and monitored continuously
• Max 3 Key Results per Objective
• 3-5 Objectives for a person at a time
5. So, Why OKR?
• Simple to use
• Helps keep vision, goals and objectives always in front of
employees
• People start moving towards goals, not small tasks
• Employees get clarity of knowing what’s expected from them
6. Key OKR Practices
• Objectives must contribute to the organization goals – directly or
indirectly
• Objectives must be ambitious – A 60-70% achievement is considered
good, a 100% achievement means it wasn’t challenging enough
• 3-5 objectives – alive at any given point in time
• Up to 3 Key Results to contribute towards each objective
7. Implementation guidance
• OKRs should be part of your role profile / day-to-day work – not
outside of what you do but not routine also
• Keep OKRs sizable – don’t slice them down to specifics
• On-going OKRs – may not have KR end date, but should still be
measurable
• Growth focused – focus on building yourself, not completing the OKRs
8. …a few more
• Ambitious – goals must be uncomfortable and hard to achieve
• OKRs must be reviewed by managers periodically – usually every
month or every quarter
• Each OKR must be of a sizable duration – pick a duration that your
company can comfortably measure
• End date is important – keep it tagged on your desk
• OKRs are live – do not type-in and forget