OKR template to ensure cost-efficiency at Wonderfly Arena
Your OKR template
The second objective under this OKR aims to implement a new system for accurate financial record keeping. This objective also carries a score range from 0 to 100%. The initiatives under this goal encompass activities from comprehensive research about available financial tracking systems to the training of staff members about using these systems.
The final goal of this OKR revolves around reducing operational costs by an ambitious 15%. This is through the optimization of resources. The initiatives that would drive this goal include consolidating work tasks to boost staff productivity, implementing energy-saving measures across all premises and automating repetitive processes to lessen manual labor.
To sum up, this OKR manifests a detailed plan to augment cost-effectiveness at Wonderfly Arena. The main objective is broken down into three vital goals which have specific initiatives and targets, proving a clear path for achieving cost-efficiency.
ObjectiveEnsure cost-efficiency at Wonderfly Arena
KRNegotiate vendor contracts to achieve at least a 10% reduction in expenses
Initiate negotiation meetings with selected vendors- Prepare negotiation strategies and proposals focusing on cost reduction
- Analyze existing vendor contracts and identify over-expensive areas
- KRImplement a new tracking system for accurate financial record keeping
- Research the best financial tracking systems available
- Train staff on how to use the new system
- Purchase and install selected financial tracking system
- KRReduce operational costs by 15% through optimization of resources
- Consolidate work tasks to maximize staff productivity
- Implement energy-saving measures in all premises
- Automate repetitive processes to minimize manual labor
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale