Objectives and Key Results
OKRs work by separating the statement in the SMART goal into multiple tasks.
- Key Results = The measurable outcomes that define when the objective has been met.
- Key Results at a higher level of management, becomes the Objectives at a lower level.
- OKRs are not designed to be fully completed
- OKR Levels
- Company, often updated annually
- Dept/Team
- Project
OKR Development Best Practices
- Objectives should be motivational and inspiring.
- Key results as being tactical and specific.
- Objective describes what you want to do.
- Key results describe how you’ll know you did it.
Criticism: True long-term thinking is goal-less thinking? (noted by James Clear in atomic-habits)
History
- Andy, the CEO and later Chair of Intel, invented OKR, and managed the whole Intel through OKRs.
- John Doerr, Chairman of Kleiner Perkins, wrote a book Measure What Matters, which popularized OKR.
Objectives
Objective = Defines what needs to be achieved, a desired outcome.
Strong objectives should be
- Aspirational
- Aligned with organizational goals
- Action-oriented
- Concrete
- Significant
To shape the objectives, ask yourself and the team:
- Does the objective help in achieving the project’s overall goals?
- Does the objective align with company and departmental OKRs?
- Is the objective inspiring and motivational?
- Will achieving the objective make a significant impact?
Key Results
Strong key results should be
- Results-oriented — not a task
- Measurable and verifiable
- Specific and time-bound
- Aggressive yet realistic
To shape the key results, ask yourself and the team:
- What does success mean?
- What metrics would prove that we’ve successfully achieved the objective?
Tracking
- Assign owners for each OKR
- Score the OKRs
- Percentage scale (1 to 10)
- Traffic Light (Red, Yellow Green)
- Yes/No
- Regular OKR check-ins
- Templates from google-project-management
Resources
- Understanding the Unique Utility of OKRs vs. SMART Goals | Smartsheet
- Google’s OKR playbook | What Matters
- Planning company goals | Asana
- OKRs and SMART goals: What’s the Difference? | What Matters
- OKRs and KPIs: What They Are and How They Work Together | Reflektive
- How OKR and project management work together | Perdoo
- OKR Examples | Adobe Communication Team
- Why the secret to success is setting the right goals | John Doerr | TED