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tability.ioWhat are Asset Management Team OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Asset Management Team to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Asset Management Team OKRs examples
We've added many examples of Asset Management Team 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 improve effectiveness in asset tagging across all devices
ObjectiveImprove effectiveness in asset tagging across all devices
KRIncrease inventory accuracy by 20% through efficient asset tagging
Conduct regular inventory audits for accuracy checks- Implement barcode system for real-time tracking of inventory
- Train staff on proper asset tagging procedures
- KREliminate 15% of asset misplacements through implementing effective tagging technology
- Research and select advanced tagging technology
- Evaluate current asset management and identify loopholes
- Implement chosen tagging technology across all assets
- KRTrain 90% of team members on latest asset tagging techniques by end of quarter
- Monitor and document training participation and completion rates
- Identify suitable training resources on latest asset tagging techniques
- Schedule mandatory training sessions for team members
OKRs to enhance efficiency and uniformity in IT asset management processes
- ObjectiveEnhance efficiency and uniformity in IT asset management processes
- KRIncrease process automation to decrease manual intervention by 35%
- Implement appropriate automation software to streamline processes
- Identify repetitive tasks that are suitable for automation
- Train staff on new automation tools for transitional efficiency
- KRReduce process variability by achieving 90% adherence to structured workflows
- Monitor and measure workflow adherence regularly
- Identify the key steps in your current workflows
- Provide training on structured workflows to staff
- KRTrain 100% of the Asset Management team on new standardized process protocols
- Develop comprehensive training material on new process protocols
- Validate training effectiveness through assessments
- Schedule and conduct training sessions for the team
OKRs to ensure all company devices are asset tagged
- ObjectiveEnsure all company devices are asset tagged
- KRSuccessfully tag and update database with 100% of company devices by week 12
- Apply tags and update the database by week 12
- Develop an efficient and uniform tagging system by week 10
- Compile a complete list of all company devices by week 8
- KRProcure quality asset tags for 100% of identified devices by week 8
- Identify and tally all devices that need asset tags
- Research and select high-quality asset tags
- Purchase and assign asset tags to each device
- KRIdentify and categorize all company-owned devices by end of week 4
- Compile a list of all company-owned devices
- Verify and finalize list by end of week 4
- Categorize devices based on type and function
OKRs to consolidate all media asset management systems
- ObjectiveConsolidate all media asset management systems
- KRIdentify and document key features of current systems by end of week 2
- Review existing systems to identify key features
- Complete documentation by end of week 2
- Compile feature specifications in a comprehensive document
- KRCreate a unified prototype with essential features of all systems by week 6
- Identify essential features from each system by week 2
- Finalize and test prototype by week 6
- Design unified prototype by week 4
- KRImplement the unified system across all departments, achieving 90% employee adoption by week 12
- Roll out staff-wide system training and education workshops
- Monitor weekly adoption rates and address issues
- Train all department heads on the unified system usage
OKRs to enhance efficiency of the media asset management system
- ObjectiveEnhance efficiency of the media asset management system
- KRDecrease average time spent on finding assets by 25% with improved search functionalities
- Train staff on efficient asset discovery strategies
- Implement advanced search options for more precise filtering
- Offer predictive search suggestions to speed up process
- KRLower system downtime to less than 0.5% by implementing proactive maintenance processes
- Implement a reliable system monitoring tool
- Establish a routine schedule for system maintenance checks
- Train staff on proactive maintenance techniques
- KRIncrease system's responsiveness by 30% through performance tuning and debugging
- Debug and fine-tune systems to increase responsiveness promptly
- Identify current system's performance bottlenecks through rigorous testing
- Develop optimization strategies for code execution and data processing
OKRs to streamline hardware inventory and implement asset tagging system
- ObjectiveStreamline hardware inventory and implement asset tagging system
- KRCatalogue and organize 100% of the current hardware inventory
- Systematize hardware details using an inventory management system
- List all existing hardware assets in inventory
- Categorize hardware based on type or function
- KRDevelop a functional asset tagging system for owned devices
- Implement asset tags on each owned device
- Identify all owned devices for cataloguing and tracking
- Create a unique identification system for asset tags
- KRApply asset tags to 100% of owned devices successfully
- Designate an individual to oversee the tagging process
- Purchase durable, high-quality asset tags for all owned devices
- Conduct an audit to ensure that all devices are tagged
OKRs to enhance data governance by building a robust business catalog
- ObjectiveEnhance data governance by building a robust business catalog
- KRIncrease number of cataloged business assets by 30%
- Initiate an equipment inventory audit across all departments
- Invest in new business assets and update registry
- Encourage employees to report unregistered assets
- KRAchieve 95% data accuracy and completeness in the built business catalog
- Train staff on data accuracy importance and techniques
- Implement rigorous data validation procedures
- Conduct regular audits and cleanups of existing data
- KREstablish standardized cataloging and data stewardship guidelines applicable across all departments
- Develop guidelines for standardized cataloging and data stewardship
- Communicate guidelines to all department heads for implementation
- Monitor department compliance with standardized procedures
OKRs to implement comprehensive Asset Management Tool
- ObjectiveImplement comprehensive Asset Management Tool
- KRTrain 90% of the team on using the Asset Management Tool effectively
- Monitor and assess training effectiveness
- Identify team members lacking tool training
- Arrange focused tool-use training sessions
- KRImprove inventory tracking efficiency by 60% using the new Asset Management Tool
- Implement the new tool into the current inventory system
- Train staff on how to use the new Asset Management Tool
- Analyze and adjust the tool's usage for optimal efficiency
- KRIdentify and select an appropriate Asset Management Tool by analyzing 5 options
- Analyze each tool's features, costs, and customer reviews
- Research and list down five potential asset management tools
- Decide and select the most suitable asset management tool
OKRs to ensure effective management of EUC assets
- ObjectiveEnsure effective management of EUC assets
- KRAchieve 100% completion of EUC asset inventory verification
- Update and finalize inventory records accordingly
- Verify physical presence and condition of all assets
- Compile a comprehensive list of all EUC assets
- KRReduce EUC asset malfunction reports by 30%
- Implement regular preventive maintenance sessions for all EUC assets
- Enhance training for EUC equipment operators on troubleshooting
- Seek professional assessment of repetitively faulty EUC assets
- KRAttain 95% user satisfaction rate on EUC asset performance
- Implement regular maintenance schedule for EUC assets
- Enhance EUC asset performance based on feedback
- Conduct customer feedback surveys on EUC performance
OKRs to boost asset growth from new and existing customers
- ObjectiveBoost asset growth from new and existing customers
- KRIncrease new customer along with asset acquisition by 30%
- Streamline onboarding process to increase customer retention
- Implement targeted marketing campaigns to attract new customers
- Promote special offers and incentives for large asset acquisition
- KRReduce asset churn rate to less than 5%
- Enhance customer engagement to foster loyalty
- Implement strategies to improve asset longevity
- Identify key causes for high asset churn rate
- KRImprove existing customer assets growth by 40%
- Enhance brand loyalty program to encourage more purchases
- Improve customer service and relationship management
- Implement cross-selling strategies to promote additional products
How to write your own Asset Management Team OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
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.
Asset Management Team 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 Asset Management Team OKRs
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
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 Asset Management Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to boost lead generation for the sales team
- OKRs to strengthen overall company cybersecurity knowledge and protocol compliance
- OKRs to develop a winning sales strategy
- OKRs to improve project delivery margins while keeping existing customers happy
- OKRs to to excel in autonomous project management
- OKRs to improve efficiency and effectiveness of incident management