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OKR template to reduce overall IT expenditure per employee

public-lib · Published 6 months ago

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.
  • ObjectiveObjectiveReduce overall IT expenditure per employee
  • Key ResultKRDecrease hardware renewal cost by 20%
  • TaskIdentify and eliminate unnecessary hardware assets
  • TaskImplement preventative maintenance strategies on existing hardware
  • TaskNegotiate better contracts with hardware vendors
  • Key ResultKRImplement software use audits to identify 15% cost-saving opportunities
  • TaskIdentify key software used in organization operations
  • TaskAnalyze audit findings to identify cost-saving opportunities
  • TaskDevelop and implement a software auditing process
  • Key ResultKRAchieve a 10% reduction in IT service contractor expenses
  • TaskExplore cheaper alternatives or in-house solutions for IT services
  • TaskEvaluate current IT service contracts for potential cost-saving opportunities
  • TaskNegotify renegotiations or cancellations of costly contracts
Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

  • Use AI to draft a complete set of OKRs in seconds
  • Connect your OKRs and team goals to your project
  • Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Tability Import Options

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Copy from the template

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Importing from text

Now, just click on Import from text and let the magic happen.

Tability editor with imported content

Once your example is in the plan editor, you will be able to:

  • Edit the objectives, key results, and tasks
  • Click on the target 0 → 100% to set better target
  • Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

Publish import

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

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