OKR template to optimize IT costs by reducing expenses by 20%
In order to improve financial efficiency and ensure the long-term sustainability of our company, we have set the objective of optimizing IT costs by reducing expenses by 20%. This OKR will require a comprehensive evaluation of all IT-related expenditures and the implementation of cost-cutting measures that do not compromise our ability to deliver excellent services to our clients. By achieving this objective, we will free up the necessary resources to invest in critical areas of our business and remain competitive in our industry.
Reduce IT expenses by 20%
Analyze previous quarter expenses and identify areas for cost reduction
Determine cost-saving opportunities
Identify spending patterns
Review expenses
Implement cost reduction measures
Educate employees on cost-saving practices and enforce IT policies
Regularly remind staff of cost-cutting policies
Contain training sessions for IT policy adoption
Monitor employee compliance with IT policies and address non-compliance
Hold information sessions about cost-saving practices
Negotiate with vendors for better pricing
Research vendor's competitors and their rates
Highlight your previous purchasing history with them
Offer to sign a long-term contract for a discount
Ask for a volume discount based on the forecasted quantity
Implement solutions and track savings
Identify opportunities for cost reduction
Implement cost-saving solutions
Track and report realized savings
Prioritize solutions based on potential savings