OKR template to implement new Financial Planning and Analysis Software
The OKR targets implementation of a new Financial Planning and Analysis Software. The primary objective encompasses three key outcomes: negotiating and securing software installation contract by week 8, evaluating and selection of suitable software from three different options by week 6, and training 90% of the financial team, ensuring usability by week 12.
For successfully achieving the first outcome, inducing the software installation, activities outlined include scheduling the software installation for week 8, negotiating the procurement contract by week 6, and identifying and researching potential software suppliers.
The second outcome endeavors selection of the software from multiple vendors. To facilitate this, functionalities, cost, and usability of each software option will be researched, and specific criteria for software evaluation and selection will be developed. The suitable software will then be compared and selected by week 6.
The final outcome focuses on training the financial team to ensure they can effectively use the new software. This will involve scheduling software training, monitoring the progress and completion rates of the training, and carrying out usability tests by week 12.
For successfully achieving the first outcome, inducing the software installation, activities outlined include scheduling the software installation for week 8, negotiating the procurement contract by week 6, and identifying and researching potential software suppliers.
The second outcome endeavors selection of the software from multiple vendors. To facilitate this, functionalities, cost, and usability of each software option will be researched, and specific criteria for software evaluation and selection will be developed. The suitable software will then be compared and selected by week 6.
The final outcome focuses on training the financial team to ensure they can effectively use the new software. This will involve scheduling software training, monitoring the progress and completion rates of the training, and carrying out usability tests by week 12.
Implement new Financial Planning and Analysis Software
Successfully negotiate procurement contract and secure software installation by week 8
Schedule software installation for week 8- Negotiate procurement contract by week 6
- Identify and research potential software suppliers
- Evaluate and select software from 3 different vendor options by week 6
- Research functionalities, cost, and usability of each software option
- Develop criteria for software evaluation and selection
- Compare and choose the suitable software by week 6
- Train 90% of financial team on the new software and ensure usability by week 12
- Schedule software training for the financial team
- Monitor training progress and completion rates
- Conduct usability tests by week 12