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What are Product Management Skills 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 Management Skills 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 Product Management Skills 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.
Product Management Skills OKRs examples
We've added many examples of Product Management Skills 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 product management skills of our team
ObjectiveEnhance the product management skills of our team
KRIncrease successful project delivery rate by 20%
Enhance communication and collaboration between teams- Implement clearer project timelines and benchmarks
- Regularly monitor and adjust project strategies
- KRConduct 2 comprehensive product management workshops
- Identify and reserve suitable locations for both workshops
- Develop a comprehensive curriculum for product management
- Schedule experienced speakers to present during workshops
- KRComplete 5 cross-functional team projects for product management practice
- Review, document and evaluate project results
- Identify and schedule 5 cross-functional team projects
- Assign roles and oversee project execution
OKRs to enhance effectiveness as a product manager
- ObjectiveEnhance effectiveness as a product manager
- KRReceive positive feedback on communication and problem-solving in 80% of stakeholder interactions
- Request constructive feedback after each interaction
- Acquire communication and conflict-resolution training
- Implement specific improvements from feedback received
- KRComplete a communication skills course with a 90% pass rate
- Consistently study to understand all course materials
- Research and enroll in a reputable communication skills course
- Aim to achieve at least 90% in all assignments and exams
- KRSolve 10 complex product issues independently and efficiently
- Develop strategic solutions for each identified problem
- Implement the solutions and monitor their effectiveness
- Analyze each product issue for effective problem identification
OKRs to secure a job in product management
- ObjectiveSecure a job in product management
- KRApply to at least 15 product management jobs per week
- Identify 15 product management job postings weekly
- Update resume to highlight product management skills
- Submit applications to these postings
- KRAttend at least 3 relevant networking events to meet potential employers
- Prepare introductions and business cards to network effectively
- Register and plan attendance for these events
- Research and identify relevant networking events within your industry
- KRImprove skills by completing two project management courses
- Research reputable online platforms offering project management courses
- Enroll in two selected project management courses
- Complete coursework and assignments on time
OKRs to elevate skills and effectiveness as a product owner
- ObjectiveElevate skills and effectiveness as a product owner
- KRIncrease product's market share by 10% through improved feature deployments
- Invest in marketing efforts to highlight product's improved features
- Monitor competitor activity and adjust strategies to outperform
- Enhance key features based on customer feedback for increased user satisfaction
- KRDrive cross-functional collaboration, improving project delivery rate by 20%
- Encourage shared responsibility in project tasks
- Align company-wide objectives across all departments
- Facilitate regular cross-functional meetings for project updates
- KRComplete two high-rated product management certification programs
- Research and choose two top-rated product management certification programs
- Enroll in selected certification programs and form a study plan
- Dedicate regular time for study and complete all program requirements
OKRs to develop and strengthen effective team leadership skills
- ObjectiveDevelop and strengthen effective team leadership skills
- KRFacilitate 3 team building activities to foster strong interpersonal bonds and trust
- Schedule and plan the selected team building activities
- Research diverse team building activities suitable for the team
- Conduct and oversee the team building activities
- KRImprove communication by creating a bi-weekly open feedback system within the team
- Introduce a bi-weekly open feedback system to the team
- Schedule consistent bi-weekly feedback sessions
- Develop a set structure for providing and receiving feedback
- KRIncrease team productivity by 20% through effective task delegation and monitoring
- Provide regular feedback to improve team performance
- Develop a routine process for monitoring progress
- Implement a system for efficient task delegation and assignment
OKRs to streamline book cover creation for faster marketing and design implementation
- ObjectiveStreamline book cover creation for faster marketing and design implementation
- KRImplement new project management tools to track and expedite the design process
- Research different project management tools available
- Train staff on using the selected tool
- Choose tool that best supports design process
- KRReduce design-production turnaround time by 30%
- Streamline communication between design and production teams
- Implement advanced project management tools
- Provide continuous training on efficient workflow strategies
- KRIncrease design team efficiency by 20% via skill development workshops
- Implement regular follow-ups to ensure application of learned skills
- Arrange workshop sessions with reputable skill development educators
- Research and identify potential skill development workshops for design team
OKRs to improve team members' performance and productivity
- ObjectiveImprove team members' performance and productivity
- KRImprove team members' professional skills through participation in at least two relevant training courses
- Identify and research relevant training courses that align with team members' professional goals
- Facilitate team members' registration and participation in chosen training courses
- Communicate the available training courses to team members and gather their preferences
- KRAchieve a 90% completion rate on team projects by consistently meeting deadlines and delivering high-quality work
- KREnhance team collaboration by conducting monthly cross-functional knowledge sharing sessions
- Schedule monthly cross-functional knowledge sharing sessions
- Invite team members from different departments to share their expertise
- Provide a platform for participants to collaborate, ask questions, and exchange ideas
- KRIncrease individual productivity by 10% through time management and task prioritization
Product Management Skills 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
Quarterly OKRs should have weekly updates to get all the 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
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 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 Product Management Skills OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to elevate cloud efficiency and scalability within budgetary limits
- OKRs to achieve a 20-pound weight loss goal
- OKRs to enhance expertise in customer success strategies and methodologies
- OKRs to increase organic traffic by 20%
- OKRs to enhance the effectiveness of people management practices
- OKRs to assemble a skilled and efficient analytics team