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tability.ioWhat are Product Information 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.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We've tailored a list of OKRs examples for Product Information 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.
Product Information Management OKRs examples
You will find in the next section many different Product Information 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 successfully launch the Minimum Viable Product for Product Information Management
ObjectiveSuccessfully launch the Minimum Viable Product for Product Information Management
KRRelease the PIM MVP to at least 100 initial users for beta testing
Finalize MVP of the PIM software for release- Identify and invite 100 initial beta testers
- Deploy MVP to the selected beta testers
- KRObtain a 75% positive response rate from initial user testing and feedback
- Develop user-friendly, engaging testing protocols
- Incentivize participants to promote response rates
- Follow-up consistently with participants for feedback
- KRComplete development of core features for the MVP by 60% progress on the project timeline
- Allocate tasks to the development team
- Review and monitor team's progress regularly
- Define required core features for the MVP
OKRs to enhance the quality of the weekly catalogue
- ObjectiveEnhance the quality of the weekly catalogue
- KRIncrease customer engagement with catalogue by 20%
- Implement a customer reward program for catalogue purchases
- Develop interactive digital catalogue with extensive product details
- Incorporate customer feedback into catalogue design and content
- KRAchieve 97% accuracy in product information and descriptions
- Train staff members on accurate product description logging
- Regularly review and audit product information accuracy
- Implement a robust product information management system
- KRImprove the design aesthetic and visual appeal by 15% based on customer ratings
- Test new design through focus group feedback
- Review customer feedback to understand design shortfalls
- Revamp design based on customer preferences
OKRs to enhance Product's Cybersecurity
- ObjectiveEnhance Product's Cybersecurity
- KRImplement two additional layers of authentication for user access to sensitive data
- KRReduce the average response time for resolving cybersecurity incidents by 20%
- Implement real-time threat monitoring and detection systems to identify and respond to incidents promptly
- Conduct regular cybersecurity training and awareness programs to improve incident response capabilities
- Enhance collaboration and communication between cybersecurity teams to streamline incident resolution processes
- Develop and implement standardized incident response procedures for efficient and effective resolution
- KRConduct a comprehensive vulnerability assessment and address identified issues within two weeks
- KRIncrease cybersecurity training completion rate to 90% for all employees
- Conduct regular assessments and evaluations to identify and address any barriers to training completion
- Implement a regular reminder system to notify employees about pending training and deadlines
- Develop engaging online cybersecurity training modules with interactive exercises and gamification elements
- Provide incentives and rewards for employees who complete cybersecurity training on time
How to write your own Product Information 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.
Product Information 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 Product Information 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 Product Information Management OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish a fully functional over-the-counter (OTC) trading desk
- OKRs to qualify for state high school rodeo in barrel racing
- OKRs to improve SIEM visibility through diversified log monitoring
- OKRs to successfully launch startup
- OKRs to achieve 70 and above scores to graduate successfully
- OKRs to enhance customer engagement via CRM and onsite experience