We are excited to announce a significant enhancement in our Portfolios product: OKRs (Objectives and Key Results) for work items are now generally available! This new feature empowers customers to create OKRs directly from work items, providing a robust framework for measuring the benefit realization of projects.
What This Means for You
With the introduction of OKRs for work items, customers can now seamlessly integrate objective setting and tracking into their project management processes. This feature includes all the powerful functionalities of OKRs currently present under Strategy Portfolios] and Board AgilePlace], along with additional capabilities such as connected OKRs and custom attributes. Refer to the screenshot]
Key Benefits
1. Define and Track Objectives
Customers can now set clear objectives for individual work items, ensuring that every task contributes to the overall project goals. This not only provides a structured approach to project management but also helps in aligning day-to-day work with broader business objectives.
2. Measure Benefit Realization
By creating OKRs directly from work items, teams can better measure the impact and benefit realization of their projects. This helps in understanding how specific tasks and initiatives contribute to overall business success.
3. Enhanced Project Management
Integrating OKRs with work items provides a more comprehensive view of project progress. This holistic approach ensures that all team members are working towards common goals, enhancing collaboration and accountability.
4. Seamless Transition to Strategic OKRs
As your organization grows and matures, you can smoothly transition from operational OKRs to strategic OKRs. This feature supports both traditional and agile work methodologies, allowing you to align value from the top down or bottom up, whether you're working in Portfolios or Agile Place.
Upgrade Requirement
Important: To access OKRs under Work, Portfolios users need to upgrade to the June 2024 release. This upgrade is essential to unlock the full potential of the new OKR functionalities.
Why This Matters
While we encourage all Portfolios customers to fully leverage strategic frameworks for assessing and funding their investments, we recognize that not all customers are at that level of maturity. However, the need to set clear objectives for ongoing work remains crucial. This is where the new Portfolios Work OKRs come into play.
By enabling customers to define and track objectives for their work, we provide a powerful tool for framing the outcomes of their projects. As customers evolve and start focusing on strategic programs and initiatives, they can define strategic OKRs to align value across their organization, whether through traditional or agile work processes.
For more details -
Source: Working with Objectives and Key Results (OKRs)
URL: https://success.planview.com/Planview_Portfolios/Strategies/Objectives_and_Key_Results_(OKRs)/010_Working_with_Objectives_and_Key_Results_(OKRs)
Source: Creating, Modifying, and Deleting OKRs
URL: https://success.planview.com/Planview_Portfolios/Strategies/Objectives_and_Key_Results_(OKRs)/Creating%2C_Modifying%2C_and_Deleting_Objectives_and_Key_Results_(OKRs)
Source: Managing Settings for Objectives and Key Results (OKRs)
URL: https://success.planview.com/Planview_Portfolios/Strategies/Objectives_and_Key_Results_(OKRs)/Managing_Settings_for_Objectives_and_Key_Results_(OKRs)
Source: Managing Progress for Objectives and Key Results (OKRs)
URL: https://success.planview.com/Planview_Portfolios/Strategies/Objectives_and_Key_Results_(OKRs)/Managing_Progress_for_Objectives_and_Key_Results_(OKRs)
Source: Objectives and Key Results (OKRs)
URL: https://success.planview.com/Planview_Portfolios/Strategies/Objectives_and_Key_Results_(OKRs)