5 customisable OKR examples for Product Service Management

What are Product Service 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 Service 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 Product Service 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 Product Service Management OKRs examples

You'll find below a list of Objectives and Key Results templates for Product Service Management. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

1. OKRs to enhance Product Service Management Efficiency

2. OKRs to successful transition from Service Delivery Manager to Product Manager

3. OKRs to enhance intelligent product recommendation engine for improved customer matching

4. OKRs to increase overall team performance

5. OKRs to deliver personalized customer experience and satisfaction

Product Service 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

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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 OKRs

Tip #2: Commit to weekly OKR check-ins

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

Being able to see trends for your key results will also keep yourself honest.

Tability's check-ins will save you hours and increase transparency

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 turn your Product Service 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 OKRs

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 Service Management OKR templates

We have more templates to help you draft your team goals and OKRs.

• OKRs to implement new functionality in our product offering
  new-functionalitybeta-testingproduct-developerbeta-testerdevelopment-teamquality-assurance-team
• OKRs to develop and implement an impactful spending proposal
  spending-proposaloperational-line-itemsdepartment-headspending-proposal-analystfinance-departmentoperations-team
• OKRs to increase design competency and productivity for high-quality outputs
  design-competency-improvementproductivity-enhancementdesign-team-managergraphic-designerdesign-teamproject-management-team
• OKRs to strengthen cybersecurity to reduce incidents by 50%
  cybersecurityincidentssecurity-analystit-managersecurity-teamit-team
• OKRs to enhance the accuracy of outage detail reporting
  outage-detail-reportingdata-verificationteam-members-undergoing-trainingcustomer-service-representativesinternal-training-teamcustomer-service-team
• OKRs to drive R2 million in monthly sales
  sales-increasecustomer-conversionsales-team-membersmarketing-strategistssales-teammarketing-team

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