The last step towards implementing a successful OKR program is to set measurement scales in place that will help you gauge how far you’ve come closer to the OKR goals.
While the reason for Key Results’ existence is to make OKRs measurable, grading of OKR is done to get a sense of ‘completion’ of the OKR exercise in terms of if the objectives were met or not.
In this section, we learn how to track and grade OKRs implemented by your organization.
Tracking OKR can be best explained as:
That’s how to link the measurable aspect of Key Results defined to make in turn Objectives measurable. This helps you gain overall clarity on the success of the OKR program. Generally, a more than 70% success rate is considered to be a good feat (as per Google).
The obvious way is to mark your Key Results from 0 to 1 (or 0% to 100%) scale. Some key results will have a straightforward YES/NO or ‘0 or 1’ answer while others can be more discrete.
Grading Key Results examples:
Depending on the scores, you will also be able to gauge if your team is setting achievable key results or not. Though it’s not necessary, achieving 100% outcomes may seem as if the overall objective was not ambitious enough.
You can also assign specific tags in certain ranges of grade scale to make visualizing impact better:
0.0 - 0.4 = OKR needs to be reviewed
0.4 - 0.7 = Good
0.7 - 1.0 = Success
You can also create 4 quadrants and assign your Key Results based on the outcomes graded:
We have also provided you with a Free Google Sheet template that you can use to get a hang of the concept and get started:
For larger organizations, even though ideally you should have 3-5 OKRs with 3-5 key results in them, keeping track of OKR progress could get cumbersome as your teams start having their to-do lists broken down to complete their Projects.
In such cases, having a dashboard where everyone can see each other’s OKRs and responsibilities not only helps reduce confusion but also sets up transparency among your team members.
At Superbeings, we help you manage and visualize your OKRs easily to improve productivity and completion rates.
We also have a Google Sheet OKR Template that you can use for smaller team sizes. You can upload the same to Superbeings whenever you plan to scale your OKR program.
In this section, we teach you how to generate OKR reports with the help of OKR examples and what’s the significance of each feature we provide:
*add superbeing OKR reporting process*
Post generating your OKR reports, it’s time to review the same with your respective team members as a reflection exercise. Ensure your employees are in the right frame of mind since the discussion will impact your future OKRs.
We have got you covered with these 5 questions you can use to celebrate or reiterate your OKR strategy.