3 OKR examples for Consolidation

What are Consolidation 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.

Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.

We have curated a selection of OKR examples specifically for Consolidation to assist you. Feel free to explore the templates below for inspiration in setting your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

Building your own Consolidation OKRs with AI

How to create great OKRs for any scenario in seconds

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.

How to improve existing OKRs with AI feedback

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 OKRs

Tability 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.

Using the free OKR generator to get a quick template

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.

Our Consolidation OKRs examples

You will find in the next section many different Consolidation Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

1. OKRs to ensure timely submission of financial statement

ObjectiveEnsure timely submission of financial statement
KRImplement a system to track and manage financial records by week 2
Train staff on how to use the system
Choose and purchase the most suitable system
Research different financial tracking systems available
KRDedicate three days each month to consolidate financial data
Gather and organize all necessary financial data
Select three appropriate days for financial data consolidation
Perform data consolidation on chosen dates
KRTrain and enable a backup person to handle financial statement preparation
Identify a suitable person for financial statement preparation training
Design a comprehensive training schedule for the selected person
Provide continuous guidance and support to the trainee

financial-statement data-consolidation financial-data-manager backup-financial-statement-handler financial-management-team data-consolidation-team

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2. OKRs to optimize the company's financial ratio

ObjectiveOptimize the company's financial ratio
KRImprove return on investment ratio by 15% through innovative, profit-focused business strategies
Research successful innovative profit-focused strategies in similar businesses
Implement selected profit-focused strategies firm-wide
Routinely monitor and adjust strategies to maximize profit
KRIncrease current ratio by 20% through improved asset management and liability reduction
Optimize cash flow by collecting receivables swiftly
Improve inventory turnover rate through efficient management
Implement stringent budget controls to reduce unnecessary spending
KRDecrease debt-to-equity ratio by 25% by consolidating and repaying outstanding loans
Evaluate all outstanding loans and identify for consolidation
Arrange for a convenient debt consolidation plan
Regularly repay consolidated debt to decrease ratio

financial-ratio-optimization debt-consolidation financial-analyst business-strategy-manager finance-team corporate-strategy-team

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3. OKRs to consolidate and streamline server infrastructure

ObjectiveConsolidate and streamline server infrastructure
KRCreate comprehensive upgrade plan for remaining servers
Analyze necessary improvements for each server
Identify all servers that require an upgrade
Sketch a detailed upgrade timeline
KRImplement updated server technology in 40% of systems
Identify the systems suitable for updated server technology
Commence 40% system upgrade with updated server technology
Prepare servers for technology upgrades in chosen systems
KRReduce active servers by 15% without impacting performance
Execute server consolidation without affecting user experience
Identify least-occupied servers and potential consolidation opportunities
Monitor server performance regularly post-consolidation

server-upgrade server-consolidation infrastructure-architect systems-administrator infrastructure-team systems-operations-team

Use template

Consolidation 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 Consolidation OKRs

Quarterly OKRs should have weekly updates to get all the 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

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

Tability's Strategy Map makes it easy to see all your org's OKRs

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 Consolidation OKR templates

We have more templates to help you draft your team goals and OKRs.