OKR template to formulate a robust 7-year financial plan
The OKR revolves around creating a comprehensive 7-year financial plan, which entails three major objectives. The first objective is to finalize the financial plan after undergoing three layers of reviews, allowing revisions based on feedback. This review phase is set to be completed by Week 12.
The second objective aims at identification and documentation of all key revenue streams and expense avenues. This process involves meticulous documentation and recording of all significant revenue and expense sources, with a target completion date of Week 6.
There's a focus on designing and validating the precision of projection models for the first two years as the third objective. This includes gathering pertinent data, developing models based on the collected data, and then verifying the accuracy of these models by Week 9.
In essence, this OKR drives towards formulating a detailed and sturdy 7-year financial plan with focus on capturing all revenue and expense sources, and developing accurate projection models, underlined by a tight review and revision process to ensure robustness.
The second objective aims at identification and documentation of all key revenue streams and expense avenues. This process involves meticulous documentation and recording of all significant revenue and expense sources, with a target completion date of Week 6.
There's a focus on designing and validating the precision of projection models for the first two years as the third objective. This includes gathering pertinent data, developing models based on the collected data, and then verifying the accuracy of these models by Week 9.
In essence, this OKR drives towards formulating a detailed and sturdy 7-year financial plan with focus on capturing all revenue and expense sources, and developing accurate projection models, underlined by a tight review and revision process to ensure robustness.
Formulate a robust 7-year financial plan
Finalize full 7-year financial plan after conducting 3 rounds of reviews by Week 12
Make necessary revisions based on the review feedback- Finalize and approve the 7-year financial plan by Week 12
- Conduct 3 rounds of reviews for the 7-year financial plan
- Identify and document all major revenue and expense sources by Week 6
- Document all major revenue sources
- Identify all major revenue sources by Week 6
- Record all major expense sources by Week 6
- Create projection models and validate accuracy for the first 2 years by Week 9
- Validate accuracy of models by Week 9
- Develop projection models based on gathered data
- Gather data relevant to creating projection models