5 customisable OKR examples for Regulatory Affairs Team
What are Regulatory Affairs Team OKRs?
The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.
Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.
We've tailored a list of OKRs examples for Regulatory Affairs Team 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 Regulatory Affairs Team 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 Regulatory Affairs Team OKRs examples
You'll find below a list of Objectives and Key Results templates for Regulatory Affairs Team. 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 develop innovative pharmaceutical products
Develop innovative pharmaceutical products
Develop and test 2 prototypes with satisfactory patient outcomes
Conduct patient outcome tests on prototypes- Identify key components for prototype based on patient needs
- Build and refine two prototype designs
- Conduct research to identify 3 potential active pharmaceutical ingredients
- Identify key drugs suitable for pharmaceutical component research
- Conduct thorough research on potential active ingredients
- Document findings for each potential ingredient
- Secure regulatory approval for 1 new pharmaceutical product
- Respond promptly to regulatory feedback and additional information requests
- Conduct rigorous clinical trials for safety and efficacy
- Develop and submit detailed dossier to regulatory authority
2. OKRs to secure FDA approval for our new pharmaceutical product
- Secure FDA approval for our new pharmaceutical product
- Resolve all FDA queries or issues regarding the application within six weeks
- Research and compile thorough responses to each issue
- Submit all responses and corrections to FDA within six weeks
- Identify all FDA queries or issues on the application
- Submit a complete and compliant application to FDA within the first month
- Review FDA guidelines to ensure application compliance
- Submit the completed application to the FDA
- Gather all necessary documents and data for application
- Successfully pass the FDA's inspection and audit of our production facilities
- Ensure all documentation and records are accurate, updated, and easily accessible
- Provide thorough training to staff on FDA regulations and requirements
- Maintain the facility's cleanliness and safety according to FDA standards
3. OKRs to secure FDA approval for the capital equipment medical device
- Secure FDA approval for the capital equipment medical device
- Complete and submit comprehensive FDA application by week 4
- Thoroughly fill out the FDA application form accurately and comprehensively
- Gather all necessary documentation and information for FDA application
- Submit the completed FDA application before the deadline in week 4
- Obtain confirmation of FDA approval by end of the quarter
- Regularly follow-up with FDA regarding application status
- Prepare and submit all necessary documentation for FDA approval
- Ensure all response deadlines to FDA inquiries are met
- Pass all necessary FDA inspections successfully with zero citations
- Implement strict internal quality control measures
- Regularly inspect and document all processes for compliance
- Review and comprehend all FDA guidelines and expectations
4. OKRs to Improve the efficiency of our corporate affairs operations
- Improve the efficiency of our corporate affairs operations
- Implement new communication strategies, improving internal communication efficiency by 25%
- Monitor and analyze communication improvements
- Research and choose a suitable internal communication system
- Train employees on utilizing the new communication system
- Facilitate at least 2 training programs to improve staff's understanding of corporate policies
- Identify necessary areas for training in current corporate policies
- Develop comprehensive training programs tailored to these areas
- Schedule and conduct two policy training sessions
- Achieve a 30% reduction in time taken for regulatory compliance processes
- Streamline documentation processes for increased efficiency
- Implement automation software for routine compliance tasks
- Train staff in fast, effective compliance procedures
5. OKRs to enhance the quality and regulatory compliance of debt collection practices
- Enhance the quality and regulatory compliance of debt collection practices
- Complete 100% of mandatory compliance trainings for all team members
- Monitor and track team members' training progress
- Set deadlines for completing each training course
- Identify all mandatory compliance trainings for each team member
- Implement a 15% improvement in quality assurance scores from customer feedback
- Analyze customer feedback and identify areas needing improvement
- Train staff on identified areas to rectify issues
- Implement customer-directed quality assurance initiatives
- Reduce non-compliance issues by 20% through periodic audits and refinements
- Establish process for identifying and correcting non-compliance
- Implement follow-up reviews to confirm resolutions
- Develop a schedule for regular compliance audits
Regulatory Affairs Team 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
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
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 Regulatory Affairs Team OKRs in a strategy map
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs 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 a proper OKR platform to make things easier.
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 Regulatory Affairs Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance service delivery through innovation and benchmarking
- OKRs to strengthen collaboration and maximize the impact of public and private partnerships
- OKRs to increase Ad Ranks by Optimizing User Intent Matching
- OKRs to enhance quality control testing effectiveness
- OKRs to grow personal net worth to $1M
- OKRs to enhance the efficiency and stability of the IT infrastructure
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.