4 customisable OKR examples for Prototype Development
What are Prototype Development 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 Prototype Development 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 Prototype Development 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 Prototype Development OKRs examples
You will find in the next section many different Prototype Development 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!
1. OKRs to craft a compelling and successful business case
Craft a compelling and successful business case
Conduct detailed market and competitor analysis by end of Week 4
Analyze market trends and customer preferences- Gather data on competitor strategy and performance
- Identify key competitors in the market
- Gather and incorporate feedback from 5 industry experts by end of Week 12
- Collect and analyze received feedback
- Implement relevant feedback into operations
- Identify and reach out to 5 industry experts for feedback
- Develop a clear, attainable business case prototype by end of Week 8
- Review and finalize the prototype by end of Week 8
- Assemble these elements into a clear structure
- Identify key elements of the business case prototype
2. OKRs to secure funding for mobile game prototype
- Secure funding for mobile game prototype
- Research and identify 100 viable investors for gaming prototype by week 6
- Develop and perfect a unique and engaging pitch for potential funders by week 3
- Identify unique selling points of the project
- Practice the pitch for fluid delivery
- Create a compelling narrative for the pitch
- Secure meetings and present pitch to at least 50% of identified investors
- Prepare and rehearse investor pitch
- Compile contacts of identified investors
- Schedule meetings with each investor
3. OKRs to launch a functional business intelligence platform
- Launch a functional business intelligence platform
- Develop a prototype with minimum viable features in 6 weeks
- Identify and outline key minimum viable features
- Allocate tasks among team members
- Start rapid prototyping and iterative testing
- Define and finalize technical specifications within 3 weeks
- Review, adjust, and approve final technical specifications
- Prepare draft of detailed technical specifications
- Identify necessary technical aspects and requirements
- Gain initial user feedback by conducting testing with 20 people
- Identify 20 people willing to participate in product testing
- Prepare and administer a feedback questionnaire post-testing
- Analyze and report the feedback gathered from participants
4. OKRs to file patent for medical device and enhance prototype functionality
- File patent for medical device and enhance prototype functionality
- Thoroughly research patents in the related field to ensure uniqueness by end of Week 4
- Identify relevant fields for patent search
- Analyze findings for potential uniqueness conflicts
- Conduct comprehensive patent search through online databases
- Implement three major improvements in the prototype based on testing feedback by Week 12
- Complete drafting a unique and detailed patent application by Week 8
- Finalize application, including all diagrams and claims
- Write a comprehensive description of the invention
- Research and analyze existing patents relevant to the invention
Prototype Development 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
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
Tability's check-ins will save you hours and increase transparencyTip #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 Prototype Development OKRs in a strategy map
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 a proper OKR-tracking tool for it.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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 Prototype Development OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to achieve 100% test case updation across all modules
- OKRs to implement AI to streamline documentation search and maintenance process
- OKRs to establish and publicize a Health & Safety Newsletter for awareness
- OKRs to enhance lead generation by delivering high-quality content
- OKRs to enhance brand visibility and interaction across social media networks
- OKRs to streamline vendor management for efficient cost savings and digitalized P2P process
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
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.