OKR template to reduce overall IT expenditure per employee

This OKR focuses on effectively reducing the IT spending for every employee involved in the processes of an organization. It involves decreasing hardware renewal costs by 20% which creates an opportunity to lessen expenses spent on IT hardware. The initiatives to achieve this include identifying unnecessary hardware assets, implementing strategies for maintaining the existing ones, and negotiating with vendors for better contracts.

Moreover, this OKR brings attention to the implementation of software use audits to identify possible opportunities to save 15% in costs. It takes into account understanding the key software used in the organization, analyzing the audit results to find potential cost-saving opportunities, and developing a software auditing process.

Additionally, to aid in improving IT expenditure efficacy, one objective aims to achieve a 10% reduction in IT service contractor expenses. This is planned by exploring more affordable options for IT services or considering in-house solutions that meet requirements. This further includes analyzing the current IT service contracts for cost-saving possibilities and taking steps towards negotiating new terms or cancelling high-cost contracts.

The targeted end result of this OKR is to have a significant reduction in overall IT expenditure per employee. It’s a consolidated effort that could greatly impact the allocation of a company’s resources, potentially helping them invest in other important sectors of the business.