This process encourages creative thinking and informed risk-taking, all to push your product team forward. Ultimately, you want to create a process where teams feel empowered to create their OKRs and then challenge teams across the business to ensure they’re focused on the right priorities at the right time. By conducting a brainstorming session, it engages your product team, gives your team a level of ownership and drives accountability for those results. When it comes to writing and setting OKRs, it's a good idea to make it collaborative. Contributors on the KRs should measure progress regularly (ideally weekly), and then at the end of the OKR period (typically a quarter), there’s a regular grading of the KR and retrospective. They are quantifiable, measurable and time-bound, so that it's easy for the team to gauge progress. Key results determine whether an Objective has succeeded or failed. Objectives need to be clear, actionable and (ideally) inspiring, while also actionable and time-bound. They can also be used by individuals or small teams to achieve results. When it comes to creating and writing incredible OKRs consider the following formula: We will _( Objective)_ as measured by _( these Key Results)_.ĭesigned to fit the needs of any organization size, department or industry, OKRs work the same for setting goals throughout many company levels. Writing & Implementing OKRs for your Product Management Team The OKR methodology is very simple, and when used properly, OKRs can help your product team create things like high output management, team alignment and increased communication in all your business goals. Product Management teams at companies like Intel, LinkedIn and Airbnb have achieved amazing results with OKRs, but less often discussed is the fact that deploying a goal framework in the right way can create a vastly better working environment. OKRs can be a superpower for creating an environment where employees are able to work with purpose. OKRs are how you track progress, create alignment, and encourage engagement around measurable goals.
OKRs or Objectives and Key Results are a collaborative goal-setting tool used by product management teams and other departments to set challenging, ambitious goals with measurable results.
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