Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Project Risk 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 Project Risk 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.
The best tools for writing perfect Project Risk Management 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
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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.
Project Risk Management OKRs examples
You'll find below a list of Objectives and Key Results templates for Project Risk 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!
OKRs to implement effective project risk management strategies
ObjectiveImprove project risk management
KRReduce overall project risk by 20% through early identification and mitigation
KRIncrease team's risk management maturity level by 2 points through training and coaching
KRImplement a risk management tracking tool with 100% team adoption and utilization
KRReduce project delay and budget overruns by 15% through proactive risk monitoring and response
OKRs to enhance technical risk assessment procedures
ObjectiveEnhance technical risk assessment procedures
KRConduct risk assessments for all major ongoing projects
Identify all major ongoing projects requiring risk assessments
Assign a qualified team to conduct risk assessments
Review and monitor assessment results regularly
KRImplement an integrated risk management solution by the quarter end
Configure the chosen solution to fit company-specific needs
Research and select an appropriate integrated risk management solution
Train staff to use the newly implemented system
KRReduce the number of identified high-risk issues by 20%
Implement preventive measures for top risk issues
Monitor and evaluate implemented preventive measures
Identify root causes of current high-risk issues
OKRs to mitigate the risk associated with software maintenance
ObjectiveMitigate the risk associated with software maintenance
KRImplement efficient risk management model for 90% of maintenance projects
Develop a comprehensive risk management model for maintenance projects
Apply the model to current maintenance projects for evaluation
Train project managers in risk management implementation
KRAchieve zero unresolved critical issues for all maintained software
Train staff in proactive problem identification and resolution
Implement regular system checks for software performance
Establish efficient issue reporting and resolution procedures
KRProvide tailored training for all software engineers on identified critical areas
Schedule and conduct tailored training sessions for engineers
Develop customized training programs focusing on these critical areas
Identify critical areas needing tailored training for software engineers
OKRs to eliminate high-risk tech debt over the next year
ObjectiveReduce high-risk tech debt to improve system stability
KRConduct a thorough analysis to measure the impact of eliminating each high-risk tech debt item
KROutline and prioritize initiatives to eliminate each high-risk tech debt item
KRComplete the elimination of at least 50% of high-risk tech debt items
KRIdentify top 10 high-risk tech debt items
Project Risk 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
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.
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.
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
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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 Project Risk Management OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to become the leading trainer for apprentices
OKRs to increase overall efficiency of the operations team
OKRs to successfully execute and prepare RTM A Pilot for next year
OKRs to successfully launch the Minimum Viable Product for Product Information Management
OKRs to determine the business benefits of SAP S4
OKRs to preserve and augment the company's knowledge base