Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Portfolio Management 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.
OKRs are quickly gaining popularity as a goal-setting framework. But, it's not always easy to know how to write your goals, especially if it's your first time using OKRs.
We've tailored a list of OKRs examples for Portfolio Management 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.
The best tools for writing perfect Portfolio Management Team OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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.
Portfolio Management Team OKRs examples
We've added many examples of Portfolio Management Team Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to enhance the productivity of change portfolio execution
ObjectiveEnhance the productivity of change portfolio execution
KRIncrease the number of completed projects by 20%
Enhance team productivity with improved tools and training- Prioritize projects based on their impact and effort level
- Implement stricter deadlines and clear project milestones
- KRImprove project success rate by 25%
- Implement a comprehensive project management methodology
- Improve team communication and transparency
- Enhance project tracking and monitoring mechanisms
- KRDecrease execution timeline by 15% per project
- Prioritize tasks based on project requirements
- Implement efficient project management software
- Introduce routines for regular progress check-ins
OKRs to implement a cost-effective solution for portfolio tracking
- ObjectiveImplement a cost-effective solution for portfolio tracking
- KRSuccessfully integrate chosen solution into current system with 100% functionality by week 12
- Develop an integration plan and timeline to implement the solution
- Test and debug solution for 100% functionality by week 12
- Evaluate suitability and functionality of chosen solution with the current system
- KRTrial selected solutions and choose most efficient by week 10
- Evaluate each solution's efficiency weekly
- Implement chosen solutions for a trial period
- Choose the most productive solution by week 10
- KRResearch and identify 3 cost-effective portfolio tracking solutions by week 6
- Research affordable portfolio tracking services
- Compile and analyze top 3 options
- Outline key features needed in portfolio tracking solutions
OKRs to enhance resource allocation based on design skills and portfolio
- ObjectiveEnhance resource allocation based on design skills and portfolio
- KRImprove project success rate by 15% via portfolio optimized resource distribution
- Implement the resource distribution strategy and monitor impact on project success
- Develop a resource allocation strategy based on portfolio optimization
- Analyze past projects for resource use patterns and inefficiencies
- KRAchieve a 30% reduction in misallocated design resources
- Identify inefficiencies and necessary improvements
- Investigate current allocation of design resources
- Implement resource redistribution strategies
- KRIncrease resource utilization rate by 20% through improved skill-based assignments
- Monitor and adjust assignments consistently
- Identify skills and strengths of team members
- Allocate tasks based on those identified skills
Portfolio Management 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.
Save hours with automated OKR dashboards
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 Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Portfolio Management Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance story-based teaching-learning resources
- OKRs to enhance website usability and comply with accessibility standards
- OKRs to identify the top FP&A software in the market
- OKRs to successful migration of all accounts to new portal
- OKRs to execute a high-impact, budget-friendly influencer campaign
- OKRs to achieve intermediate proficiency in German