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Please note, Demystifying OKRs has been divided over 5 parts, & you are currently on one of the elemental parts (Part 3 of 5). Across these 5 elements, we demystify OKRs, from theory, its application, to it’s deployment, the best practices & the common mistakes.
Best practices for designing OKRs
Few questions that one should run through while designing OKRs are:
Does the OKR align with my company’s main business strategy and goals? Once the organization knows what it’s focused on and how it will measure success, it’s easier for individual team members to connect their projects with the company objectives.
Is the objective supported by everyone at the company? Once everyone agrees what the most important objectives are, it can be easier to say no to the less important ideas. With OKRs, saying no isn’t a political or emotional debate. It becomes a rational response to a commitment that the entire organization has already made.
Are the OKR adaptable and agile? OKRs are ambitious because they want to leave room for experimentation and growth. If you’re too committed to a single path to success, you might be limiting your team’s creativity and missing out on big opportunities. Remember to make sure your Key Results are adaptable and agile enough that they can be completed in many ways.
Does it have a clear deadline? OKRs can be incredibly motivating. As long as they have a strict time frame. Set a strong deadline and then check in weekly, monthly, or quarterly on progress (whatever works for your team and your communication style.)
Are your Key Results measurable and progress-based? Can you put a numerical value on the result you want to see? If not, you don’t have a good Key Result. The team should focus on setting Value-based Key Results instead of tasks
Is it aspirational? Does your OKR get your team excited? Can you set them off towards a moonshot idea where even moving the needle a bit can be seen as success? With OKRs, the goal isn’t to always hit 100%. Make sure you’re pushing your team while staying within the bounds of what’s realistic.
If your OKRs aren’t ticking all of those boxes, you might want to spend some more time with them before hitting “go”. It’s always worth it to spend more time upfront devising the best possible OKRs than to send people down the wrong path.
Stay with The Brew on Demystifying OKRs for the rest of the parts. Divided over 5 parts, we demystify OKRs, from theory, its application, to it’s deployment, the best practices & the common mistakes.
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