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tability.ioWhat are Lifecycle Management 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.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We've tailored a list of OKRs examples for Lifecycle Management 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.
Lifecycle Management OKRs examples
You will find in the next section many different Lifecycle Management 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!
OKRs to identify the most efficient lifecycle management tools
ObjectiveIdentify the most efficient lifecycle management tools
KRConduct interviews with 5 users of each shortlisted tool for firsthand reviews
Prepare thoughtful, relevant interview questions- Schedule and conduct user interviews
- Identify and contact 5 users from each shortlisted tool
- KREvaluate at least 10 different lifecycle management tools by end of quarter
- Research and assess each tool's functionalities
- Identify potential lifecycle management tools to evaluate
- Compile findings and make recommendations
- KRPresent a detailed comparative report highlighting top 3 tools based on predefined parameters
- Analyze and compare the functionality of each tool
- Identify top three tools based on predefined parameters
- Compile a detailed comparative report for presentation
OKRs to optimized management of Service and Admin accounts lifecycle
- ObjectiveOptimized management of Service and Admin accounts lifecycle
- KRReduce lifecycle management related incidences by 50% in the next quarter
- Increase regular audits of lifecycle management system
- Streamline lifecycle management processes with automated tools
- Implement comprehensive incident management training for all staff
- KR Achieve 90% user satisfaction in managing their accounts on new automated system
- Implement changes based on client feedback surveys
- Increase system's usability via regular user-experience reviews
- Provide efficient, easily accessible help-desk support
- KRImplement a 100% automated process for creating accounts by the end of quarter
- Train staff on the new process
- Identify software for automating account creation
- Test and refine automated process system
OKRs to master application lifecycle management
- ObjectiveMaster application lifecycle management
- KRApply learned lifecycle management skills on a dummy project successfully
- Implement learned lifecycle management skills effectively on chosen project
- Identify an appropriate dummy project for lifecycle management application
- Assess and document the achieved results and improvements made
- KRComplete an online course on application lifecycle management with at least 90% score
- Dedicate time to consistently study and complete course materials
- Enroll in an online course on application lifecycle management
- Take the final exam, aiming for a score of at least 90%
- KRGain certification in application lifecycle management from a recognized institution
- Complete necessary coursework and pass the certification exam
- Research institutions offering Application Lifecycle Management certification
- Select a prestigious institution and apply for certification
OKRs to enhance management of service and admin account life cycles
- ObjectiveEnhance management of service and admin account life cycles
- KRImplement an automated life cycle management system for 25% of accounts
- Identify 25% of accounts for life cycle management system
- Choose a suitable automation software for implementation
- Begin implementation and monitor regularly for adjustments
- KRTrain 85% of team members on updated life cycle management processes
- Monitor and document each member's training progress
- Identify team members unfamiliar with updated processes
- Schedule training sessions for these team members
- KRLower account lifecycle management errors by 30%
- Install updated automation tools for account management
- Implement regular training on account lifecycle management for staff
- Promote a meticulous review process for every account change
How to write your own Lifecycle Management 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.
Lifecycle Management 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 Lifecycle Management 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
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.
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 Lifecycle Management OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to achieve proficiency in full-stack development with nestjs, React, and dynamodb
- OKRs to deliver great user experience
- OKRs to enhance operational productivity through constant improvement methodology
- OKRs to expand network by acquiring 10 integrated networks with a minimum of 50 professionals each
- OKRs to enhance collaborative capabilities as an HR specialist partnering in team activities
- OKRs to boost supporter engagement via effective communication and events