Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Product Owner 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 Owner 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 Owner 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 Owner OKRs examples
We've added many examples of Product Owner 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 maturity and capabilities of Product Owners
ObjectiveEnhance maturity and capabilities of Product Owners
KRImplement peer-based feedback system to improve Product Owners' performance
Design a structured and anonymous peer-review feedback form- Integrate peer-review feedback system into performance evaluations
- Train Product Owners on giving and receiving feedback
- KRIncrease Product Owners' certification rate by 30%
- Schedule regular certification exam preparation sessions
- Develop a comprehensive in-house owners' certification training program
- Implement incentives for achieving certification
- KRConduct 2 advanced level training sessions for all Product Owners
- Prepare comprehensive materials for two sessions
- Schedule and conduct two advanced training sessions
- Identify topics relevant to advanced Product Owner training
OKRs to enhance proficiency as a product owner
- ObjectiveEnhance proficiency as a product owner
- KRComplete two relevant industry-recognized product management certifications
- Enroll in and complete required coursework for each certification
- Schedule and pass the certification exams
- Research and select two industry-recognized product management certifications
- KRLead three cross-functional team meetings to improve collaboration and project efficiency
- Organize meeting date and agenda for cross-functional team discussion
- Facilitate effective collaboration during the cross-functional team meetings
- Review meetings' outcomes, identifying areas for increased project efficiency
- KRImplement one new feature voted top by customers for the product by the deadline
- Obtain customer feedback and identify top-voted feature
- Roll out the feature to all customers by the deadline
- Develop and test the new feature thoroughly
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 enhance Product Owners' competency for optimal efficiency
- ObjectiveEnhance Product Owners' competency for optimal efficiency
- KRAchieve 15% reduction in project execution timeframe through refined operational procedures
- Identify areas for refinement to increase efficiency
- Implement refined procedures and monitor improvement
- Evaluate current operational procedures for underperformance
- KRIncrease Product Owners' workflow consistency by 20% via targeted training
- Identify areas of inconsistency in current workflow
- Develop targeted training addressing identified shortcomings
- Implement this training and monitor impact
- KRRaise Product Owners' productivity metrics by 10% through effective performance tracking
- Implement a comprehensive performance tracking system for Product Owners
- Regularly review and analyze productivity metrics with Product Owners
- Provide performance improvement training sessions for Product Owners
OKRs to allocate resources to refactor high-priority tech debt
- ObjectiveReduce technical debt by allocating resources effectively
- KRImplement best practices to avoid future high-priority tech debt accumulation
- KRAchieve a reduction in high-priority tech debt items by 25%
- KREstablish a clear plan for refactoring high-priority tech debt items
- KRPrioritize high-priority tech debt items for resource allocation
OKRs to drive Agile Culture and Continuous Improvement
- ObjectiveDrive Agile Culture and Continuous Improvement
- KRIncrease employee engagement by 15% through the use of feedback loops and open communication channels
- KRIncrease team agility by implementing Scrum methodology and conducting regular retrospectives
- Train team members on Scrum principles and methodology through workshops and coaching sessions
- Adapt sprint planning sessions to prioritize tasks and assign them according to team members' strengths
- Implement Scrum artifacts like backlog, user stories, and Sprint boards to enhance team agility
- Conduct weekly retrospectives to reflect on previous sprints and identify areas of improvement
- KRImplement an employee recognition program to encourage and reward continuous improvement efforts
- KRAchieve a 20% decrease in time-to-market for new product releases through streamlined processes
OKRs to reduce critical tech debt by 50% in six months
- ObjectiveMinimize tech debt
- KRDevelop a plan of action to address targeted tech debt items
- KRPrioritize critical tech debt items
- KRConduct a thorough tech debt analysis
- KRImplement new development standards to prevent tech debt accumulation
Product Owner 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
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 Product Owner OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to boost Overall Customer Engagement
- OKRs to achieve proficiency in top-notch testing tools and technologies
- OKRs to establish a successful YouTube channel
- OKRs to enhance technical solution delivery for customer projects
- OKRs to enhance employee dedication via communication optimization
- OKRs to enhance team performance and foster a culture of knowledge sharing