3 customisable OKR examples for Timelines
What are Timelines 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 Timelines 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 Timelines 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 Timelines OKRs examples
You will find in the next section many different Timelines 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 improve accuracy and timeliness in invoice processing
Improve accuracy and timeliness in invoice processing
Increase on-time payments by 30%
Implement automated reminders for upcoming payment due dates
Offer incentives or discounts for early or on-time payments
Enhance payment procedures for user simplicity and convenience
Reduce invoice processing errors by 25%
Implement invoice automation software to reduce manual entry
Regularly audit invoices to identify errors
Train staff on accurate invoice processing methods
Decrease invoice processing time by 20%
Train staff in efficient invoice management techniques
Implement automated invoicing software to speed up processing
Streamline invoice approval workflow to minimize delays
2. OKRs to significantly improve the timeliness of projects
Significantly improve the timeliness of projects
Reduce the number of adjustments by 20%
Achieve a customer satisfaction score of 90% or higher for timeliness of projects
Increase the overall on-time project delivery rate to 95%
Establish clear communication protocols
Track and monitor progress against timeline
Identify risks and proactively address any issues
Implement a project management process
3. OKRs to successfully finish financial statement within the required timeline
Successfully finish financial statement within the required timeline
Finalize and review financial statement for completion by the fifth working day
Compile all necessary financial data
Draft the financial statement
Review and finalize the financial statement
Accumulate all necessary financial data within the first 2 working days
Gather data from online financial systems and reports
Compile and organize all collected data
Identify required financial data and relevant sources
Draft preliminary financial statement by the third working day
Review and finalize the draft by the third working day
Begin creating a draft of the financial statement
Gather all necessary financial documents and data
Timelines 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 Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #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 Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
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 Timelines 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
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 Timelines OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance client success and retention in North America
OKRs to achieve flawless back-end development for the SMIT Gate project
OKRs to enhance workforce competence through continuous development and upskilling
OKRs to efficiently migrate services and databases to Google Cloud
OKRs to enhance Safety Layout Design and Processes - Level 4
OKRs to ensure successful implementation and utilization of the ticket system
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.