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README
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Objectives and Key Results (OKRs) are useful to align people on what needs to be done and to consequently measure progress. These are not used for performance reviews.
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Each team or area has their own sheet, for easy referencing and sharing.
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OKRs are set by the team that needs to execute against them.
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OKR progress is reviewed in person at a regular cadence (monthly, for example) with the team's stakeholders.
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A good objective provides a qualitative, and hopefully inspiring, statement about the future.
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The best key results are defined as a business outcome and track a measurable X to Y change. You want to set them high enough that it feels uncomfortable but not depressing, so people think beyond the obvious about how to achieve them.
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OKRs have a priority, so it is clear from the start which ones will lose staffing if changes need to be made throughout the upcoming months.
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Each key result has multiple projects, of which some might fail and some might succeed. Key results should not have to be updated if a project fails. All projects are linked to at least one key result.
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There is one exception to writing business focused key results: Binary delivery (“ship X by date Y”) is ok if you pursue an unmeasurable but strategic initiative and/or you need to align a large number of people.
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Project lists should go beyond what you currently plan to staff, so it's also clear what will not be worked on.
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Check both the data validation and conditional formatting of the different sheets. The identification, priority, people, and update columns use them to save effort and keep consistency.
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See the sheets at the bottom for an example. Feel free to duplicate this template for your own usage.
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And ask questions on Twitter:
@thijsniks
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