4 customisable OKR examples for Innovation Project Team

What are Innovation Project Team OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Innovation Project Team to help you. You can look at any of the templates below to get some inspiration for your own goals.

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

Building your own Innovation Project Team OKRs with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.

Our customisable Innovation Project Team OKRs examples

You'll find below a list of Objectives and Key Results templates for Innovation Project Team. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

1. OKRs to cultivate and leverage leaders with innovative ideas for organizational growth

Cultivate and leverage leaders with innovative ideas for organizational growth
Identify 10 potential leaders through proven leadership discovery methodologies
Select 10 potential leaders from results
Research proven leadership discovery methodologies
Apply methodologies to identify potential leaders
Substantiate 5 new emergent ideas proposed by the identified leaders
Research the feasibility and potential impact of the new ideas
Arrange meetings with the leaders to discuss their proposed ideas
Prepare detailed reports supporting these emergent concepts
Achieve a 20% increase in innovative project implementations lead by these leaders
Implement training programs focused on innovation
Encourage risk-taking and idea experimentation
Organize regular creative brainstorming sessions with leaders

Implement this OKR

2. OKRs to expand the innovation team's capacity and breadth of projects

Expand the innovation team's capacity and breadth of projects
Add 2 new specialized roles in technology and design to the team
Draft job descriptions for the new roles
Identify specific skills needed for technology and design roles
Begin recruitment process to fill positions
Increase the number of successfully managed projects by 50%
Enhance team collaboration and communication strategies
Implement effective project tracking and reporting systems
Improve project management skills through relevant training and workshops
Increase team size by 30% through strategic hiring and staff upskilling
Develop a strategic hiring plan to attract crucial talent
Regularly review team structure and adjust hiring as needed
Implement a comprehensive employee upskilling program

strategic-hiring upskilling-program technology-specialist design-specialist innovation-team human-resources-team

Implement this OKR

3. OKRs to enhance IT operational efficiency through data-driven innovations

Enhance IT operational efficiency through data-driven innovations
Implement 2 new data-driven tools to ensure 10% faster project delivery
Research top-rated data-driven tools for project management
Train team on new tool integration and usage
Monitor project delivery speed improvements regularly
Increase the use of automated processes by 20% to reduce manual work
Identify tasks that can be automated efficiently
Invest in higher-quality automation software
Train staff on implementing these automated processes
Decrease IT incident response time by 15% through predictive analytics
Regularly review analytics to optimize incident response
Train IT staff on predictive analytics tools' usage
Implement predictive analytics software in the IT department

data-driven-innovations it-operational-efficiency it-project-manager it-operations-manager it-project-team it-operations-team

Implement this OKR

4. OKRs to enhance innovation and synergy within startup house ecosystem

Enhance innovation and synergy within startup house ecosystem
Achieve 25% increase in constructive feedback exchanges among members
Offer training on how to give constructive feedback
Encourage open communication and active listening
Implement regular, structured team feedback sessions
Initiate three cross-departmental projects to enhance collaborative efforts
Organize a meeting with department leads to discuss plans
Assign project teams and set clear communication channels
Identify potential projects requiring cross-departmental collaboration
Implement two new innovative systems or processes for startups to utilize
Provide comprehensive training and support for startup utilization
Research cutting-edge technologies suitable for startup business operations
Design and develop two innovative systems or processes

innovation collaboration project-managers department-leads business-development-team technology-development-team

Implement this OKR

Innovation Project Team OKR best practices to boost success

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

Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.

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.

Tability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to weekly OKR check-ins

Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.

Being able to see trends for your key results will also keep yourself honest.

Tability's check-ins will save you hours and increase transparency

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 turn your Innovation Project Team OKRs in a strategy map

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full 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 Innovation Project Team OKR templates

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

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

To learn: What is the meaning of OKRs
Blog posts: ODT Blog
Success metrics: KPIs examples

What's next? Try Tability's goal-setting AI

You can create an iterate on your OKRs using Tability's unique goal-setting AI.

Watch the demo below, then hop on the platform for a free trial.

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