Objectives and Key Results (OKRs) is a collaborative goal-setting methodology that teams and individuals use to set ambitious and challenging objectives with measurable results. OKRs are the way to track progress, create alignment and encourage participation around measurable objectives. Each objective should have between three and five key outcomes, which are the measurable results that are required to achieve the organization's objectives. A good key outcome must be measured objectively, without subjective interpretation.
Writing a good OKR can be difficult, but learning the key components of objectives and key results can help you set better goals every quarter. Here are some examples of key objectives and results that can help you establish the key results for your objectives. Activity-based key results measure the completion of activities or tasks in terms of the results of an organization's project. On the other hand, key value-based outcomes measure the delivery of value to an organization or to customers.
Having 3 to 5 key results for each objective prevents you from focusing on just one aspect of an objective, but it prevents concentration from being diluted by too many objectives. A well-developed key result helps your team members to focus on important objectives to achieve high-level objectives. If the key results aren't directly related to your goal, they can't help your team measure progress. Enabling OKR is key to the success of any OKR program and, by extension, OKR managers are key to successful OKR enablement.
Google's rating method provides the most detail, since it uses a percentage scale (0.0 - 1.0) to assign each key result a numerical score at the end of the cycle.Measuring progress with Objectives and Key Results (OKRs) is essential for any organization or company that wants to achieve their goals through ambitious objectives and measurable goals. The OKR framework helps your organization achieve achievable but ambitious objectives based on its mission, purpose and high-level strategy. Co's intuitive OKR management software gives you a step-by-step guide on how to create amazing key results for your team.