Tired of setting vague goals that never seem to materialize? It's time to discover the power of Objectives and Key Results (OKRs). This proven framework can help your organization achieve its most ambitious goals with laser-sharp focus and accountability.
What are OKRs?
Think of OKRs as your organization's personal GPS. They provide a clear roadmap to success by:
- Defining your destination: Objectives set the course for where you want to go.
- Providing mile markers: Key Results are the measurable steps you'll take to get there.
Why use OKRs?
- Alignment: Everyone knows where they're headed and how their work contributes to the bigger picture.
- Focus: Prioritize what matters most and eliminate distractions.
- Accountability: Everyone is held responsible for their part in achieving the goals.
- Transparency: Progress is visible to everyone, fostering collaboration and motivation.
How to write effective OKRs:
- Make objectives ambitious but achievable.
- Define key results that are SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
- Keep it simple and clear.
- Review and adjust regularly.
OKR Levels:
- Enterprise level: Sets the overall direction.
- Portfolio level: Defines goals for specific portfolios or projects.
- Program level: Sets goals for specific programs or initiatives.
- Team level: Sets goals for individual teams.
Implementing OKRs in Planview Portfolios:
Planview Portfolios provides a powerful platform for managing OKRs, making it easy to:
- Define objectives and key results
- Track progress
- Review and adjust OKRs
- Visualize OKR relationships
In the next part of this series, we will discuss how to design and set up OKRs for your organization.
Have questions about setting up OKRs in Planview Portfolios? Leave a comment below and we'll be happy to help!