OKR Software: The Ultimate Guide
OKRs, or Objectives and Key Results, have been popular with tech companies since their inception, and are now more broadly used across various industries. This metric system defines company objectives along with the key results that are needed to measure the achievement. A good reference word for OKRs would be ‘Achieve’.
OKRs support agile project planning because they can be reworked on a quarterly basis and can easily be adjusted to support changing needs. They’re similar to KPIs in that they are metric based, but they represent aggressive goal-based metrics, instead of just measurements.
There are numerous ways to measure OKRs, but when companies start using a goal-setting framework based on OKRs, they usually start tracking them using spreadsheets or other processes that are more manual. When starting to use these tools like Excel, Google Sheets, etc., it doesn’t take long to realize that these methods are quite limited, and they may work fine at first, but eventually they become tedious and end up taking a lot of company time just to fill the information, which is not profitable in the long run.
Deciding to adopt an OKR framework is not just about monitoring the data of the established objectives and key results, but this framework provides a way for entire organizations to align everyday’s tasks to the company’s top priorities. OKRs allow a company to be fully transparent and avoid wasting time on tasks that won’t benefit or contribute to the company’s growth.
5-Day OKR Approach