How do I track OKRs?
Tracking OKRs is critical to your company’s performance management. Here’s how you can make tracking easier:
Qualitative Objectives and Quantitative Results
Objectives should be written while keeping in mind the qualities you wish to achieve. For example, an object could be: Create an engaging Customer Experience. This can be used to create key results which will be measurable and quantitative in nature.
Setting Percentage Benchmarks for OKRs
All key results are not created equal. Using weighted measurements for your key result allows you to measure your progress depending on the effort required by each one.
Assigning Responsibility and Accountability
Key results are usually a collaborative effort and can be assigned to multiple teams and departments. It is important to define the responsibilities and accountability for each key result to ensure maximum performance.
Build a regular schedule to track your OKRs and progress. This can be done through daily, bi-weekly, or weekly meetings to discuss OKRs with the team.
Discussing Key Learnings
Once your Key Results are achieved it is important to define how they were achieved and what were the learning outcomes. Perhaps you weren’t able to meet your KR completely, in that case, key learnings allow you to discuss why you fell short and what can be improved in the future.