What are Performance Measurement OKRs?
The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We have a collection of OKRs examples for Performance Measurement to give you some inspiration. You can use any of the templates below as a starting point for your OKRs.
If you want to learn more about the framework, you can read our OKR guide online.
How to write your own Performance Measurement OKRs
Option 1. Turn ideas into OKRs with Tability AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Performance Measurement OKRs examples
We've added many examples of Performance Measurement Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to implement a robust performance measurement system
ObjectiveImplement a robust performance measurement system
KRConduct a pilot run and fix any identified issue by week 12
Conduct the pilot run during week 11- Identify and solve any issues by week 12
- Finalize the pilot run procedure by end of week 10
- KRDevelop automated processes for tracking these indicators by week 8
- Identify necessary indicators for automation by week 2
- Implement and test automation process by week 7
- Design automation process for tracking indicators by week 5
- KRIdentify and define 10 key performance indicators for system by week 4
- Finalize and define selected KPIs by week 4
- Review system functions and operation by week 1
- Identify 10 potential performance indicators by week 2
OKRs to enhance our performance measurement and reporting
- ObjectiveEnhance our performance measurement and reporting
- KRImprove clarity and precision of all reports, targeting a 95% comprehension rate
- Incorporate visuals to increase report understanding
- Implement clear, concise language in all report writing
- Conduct regular report comprehension checks
- KRImplement an analytics tool to track performance metrics across all departments
- Identify key performance indicators for each department
- Train department heads on how to use the tool
- Research and choose a suitable analytics tool
- KRIncrease reporting accuracy by reviewing and correcting discrepancies by 20%
- Identify and review current reports for errors
- Implement strict data verification measures
- Correct discrepancies found in data reports
Performance Measurement OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to track your Performance Measurement OKRs
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Performance Measurement OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to improve office efficiency and organization
- OKRs to significantly reduce Customer Acquisition Cost (CAC) for our mobile app
- OKRs to ensure business continuity despite team member absenteeism
- OKRs to enhance resolver team's service level agreement on security incidents
- OKRs to increase installs from Atlassian Marketplace
- OKRs to improve customer satisfaction