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tability.ioWhat 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.
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!
OKRs to cultivate and leverage leaders with innovative ideas for organizational growth
ObjectiveCultivate and leverage leaders with innovative ideas for organizational growth
KRIdentify 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
- KRSubstantiate 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
- KRAchieve 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
OKRs to expand the innovation team's capacity and breadth of projects
- ObjectiveExpand the innovation team's capacity and breadth of projects
- KRAdd 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
- KRIncrease 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
- KRIncrease 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
OKRs to enhance IT operational efficiency through data-driven innovations
- ObjectiveEnhance IT operational efficiency through data-driven innovations
- KRImplement 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
- KRIncrease 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
- KRDecrease 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
OKRs to enhance innovation and synergy within startup house ecosystem
- ObjectiveEnhance innovation and synergy within startup house ecosystem
- KRAchieve 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
- KRInitiate 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
- KRImplement 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
How to write your own Innovation Project 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.
Innovation Project 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
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.
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.
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 Innovation Project Team OKRs
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.
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 to elevate programming skills to become a senior programmer
- OKRs to enhance quote follow-up process
- OKRs to achieve an 80% first contact resolution (FCR) across all inboxes
- OKRs to boost sustainable growth and profitability of the business
- OKRs to boost App Downloads
- OKRs to equip departments with OKR skills