4 customisable OKR examples for Lifecycle Management
What 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.
Building your own Lifecycle Management 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 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!
1. OKRs to identify the most efficient lifecycle management tools
Identify the most efficient lifecycle management tools
Conduct 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
- Evaluate 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
- Present 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
2. OKRs to optimized management of Service and Admin accounts lifecycle
- Optimized management of Service and Admin accounts lifecycle
- Reduce 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
- 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
- Implement 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
3. OKRs to master application lifecycle management
- Master application lifecycle management
- Apply 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
- Complete 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%
- Gain 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
4. OKRs to enhance management of service and admin account life cycles
- Enhance management of service and admin account life cycles
- Implement 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
- Train 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
- Lower 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
Lifecycle Management 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
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
Tability's check-ins will save you hours and increase transparencyTip #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 Lifecycle Management OKRs in a strategy map
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.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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 100% test case updation across all modules
- OKRs to increase implementation of the intake procedure
- OKRs to maximize revenue from current business operations
- OKRs to streamline and expedite cost allocation computation process
- OKRs to achieve all A's and B's, focusing on English
- OKRs to improve your career path
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.