OKRs typically look like this - 3 Objectives and 3 related Key Results (number of each depends on what is relevant for your team for effective focus and prioritisation) this would be considered quite a lot of OKRs.
- There are typically 3 objectives with 3 KR each HOWEVER it is not one size fits all....
- Choose the right number for your organisation - the goal is to focus your team on the right priorities
- Too many - hinders focus and progress
- Too little - not ambitious enough
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Here is a free template I have evolved over 10 years. I’ve iterated on this template so it can be super effective in an early stage environment where OKRs are new.
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Writing OKRs
Objectives: Productivity is enhanced by well-defined, challenging goals
- are ambitious, and should feel uncomfortable
- Where do I want to go? (This is your objective)
- An objective is a single sentence that gets you excited about what you’re working on
- TIP: Use expressions that convey endpoints and achievements: "Increase revenue run-rate to $50M", 'Complete' or ‘Establish', ‘Increase to’ etc.
- TIP: Keep wording simple and clear (anyone should understand what it means)
Key Results: Are the things that will help confirm if you have achieved the objective
- are measurable (include a number); they should be easy to grade with a number
- Should be able to say … “Did we achieve it and how much of it did we achieve?”
- Google use 0 – 10 scale to grade each key result at the end of a quarter
- TIP: It should be an outcome not a task “Achieve NPS of 50+" rather than "survey customer satisfaction levels' -> describe the desired impact of the activities
- TIP: many actions/tasks may feed into one KR, it's a good idea to capture some of those tasks as a personal to do list (these are not your OKRs but they feed into achieving them)
OKR Writing Examples
Key results help you determine in a precise way that you are achieving your Objective.
● [Incorrect] Activity Based Key Result : Create engagement program
● [Correct] Value Based Key Result : Improve employee engagement survey results from X to Y