4 best ways to track OKRs
4 best ways to track OKRs
We all know that ORKs stands for Object and Key Results, wherein the objective is the desired outcome that an organization wants from a project and key results are measurable ways that help in keeping the workforce on track. No matter whether the organization is big or small, it has to ensure that everyone working to accomplish the predetermined goals is on the same page. For this, OKRs offer a framework that consists of setting, tracking, and evaluating goals regularly. Renowned companies use OKR tracking software to easily visualize and track progress.
When tracking OKRs, managers need to ensure that everyone is on the same page each week. Once the OKRs are finished and marked done, it is crucial to connect with each other to evaluate and discuss the group outcomes. Tracking OKRs is essential for analyzing which teams are meeting their goals and which teams need improvement. There are some of the best ways that will help the organizations to OKRs effectively.
Some best ways to track OKRs
Now that we know what OKR is and how important it is for the organization, let’s step ahead and understand the best ways of tracking OKRs.
Frame out qualitative objectives and quantitative key results
Every organization has objectives and while writing them it is crucial to explain the areas of improvement in a brief description that reflect the qualities that need to be achieved. Then these descriptions are used to showcase the key results. While writing the key results it is important to use quantitative and measurable language that delivers the objective effectively.
Determine accountabilities and responsibilities for key results
Key results are assigned to different teams or employees and while doing this managers need to define full responsibilities and clear expectations of each key result. This helps in ensuring that all the participants can make sure that the associated tasks are finished.
Share the OKRs with the responsible teams
Reviewing OKRs regularly is one of the best ways to attain progress and review real-time achievements. To do this evaluation frequently, managers should set weekly, biweekly, or even daily meetings based on the timelines to have a discussion with the team on OKRs.
Discuss the major learning throughout the process
Only reviewing the Key Results is not enough. For long-term success, it is important to understand how they were achieved and what all the team has learned. For example – maybe an expected Key Result for a task can be to increase the company’s website traffic by 20%, but it has increased only by 18%. In that case, the best thing is to discuss the reason behind the decreased Key Results so that the team can understand the cause and learn from the knowledge that they have gained after the discussion.
Now it is clear that OKRs are one of the best ways to align companies around shared goals and objectives. It also ensures continuous improvement and growth that evolves in a collaborative direction. Regular OKRs tracking keeps the workforce more engaged and invested in achieving the organizational goals. Therefore, a majority of companies these days are using the best OKR tracking tools like entomo to keep the workflow on track.
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