7 OKR examples for Asset Management

What are Asset Management OKRs?

The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.

How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.

That's why we have created a list of OKRs examples for Asset Management to help. You can use any of the templates below as a starting point to write your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

Our Asset Management OKRs examples

You'll find below a list of Objectives and Key Results templates for Asset Management. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to improve effectiveness in asset tagging across all devices

  • ObjectiveImprove effectiveness in asset tagging across all devices
  • Key ResultIncrease inventory accuracy by 20% through efficient asset tagging
  • TaskConduct regular inventory audits for accuracy checks
  • TaskImplement barcode system for real-time tracking of inventory
  • TaskTrain staff on proper asset tagging procedures
  • Key ResultEliminate 15% of asset misplacements through implementing effective tagging technology
  • TaskResearch and select advanced tagging technology
  • TaskEvaluate current asset management and identify loopholes
  • TaskImplement chosen tagging technology across all assets
  • Key ResultTrain 90% of team members on latest asset tagging techniques by end of quarter
  • TaskMonitor and document training participation and completion rates
  • TaskIdentify suitable training resources on latest asset tagging techniques
  • TaskSchedule mandatory training sessions for team members

OKRs to ensure all company devices are asset tagged

  • ObjectiveEnsure all company devices are asset tagged
  • Key ResultSuccessfully tag and update database with 100% of company devices by week 12
  • TaskApply tags and update the database by week 12
  • TaskDevelop an efficient and uniform tagging system by week 10
  • TaskCompile a complete list of all company devices by week 8
  • Key ResultProcure quality asset tags for 100% of identified devices by week 8
  • TaskIdentify and tally all devices that need asset tags
  • TaskResearch and select high-quality asset tags
  • TaskPurchase and assign asset tags to each device
  • Key ResultIdentify and categorize all company-owned devices by end of week 4
  • TaskCompile a list of all company-owned devices
  • TaskVerify and finalize list by end of week 4
  • TaskCategorize devices based on type and function

OKRs to ensure effective management of EUC assets

  • ObjectiveEnsure effective management of EUC assets
  • Key ResultAchieve 100% completion of EUC asset inventory verification
  • TaskUpdate and finalize inventory records accordingly
  • TaskVerify physical presence and condition of all assets
  • TaskCompile a comprehensive list of all EUC assets
  • Key ResultReduce EUC asset malfunction reports by 30%
  • TaskImplement regular preventive maintenance sessions for all EUC assets
  • TaskEnhance training for EUC equipment operators on troubleshooting
  • TaskSeek professional assessment of repetitively faulty EUC assets
  • Key ResultAttain 95% user satisfaction rate on EUC asset performance
  • TaskImplement regular maintenance schedule for EUC assets
  • TaskEnhance EUC asset performance based on feedback
  • TaskConduct customer feedback surveys on EUC performance

OKRs to streamline hardware inventory and implement asset tagging system

  • ObjectiveStreamline hardware inventory and implement asset tagging system
  • Key ResultCatalogue and organize 100% of the current hardware inventory
  • TaskSystematize hardware details using an inventory management system
  • TaskList all existing hardware assets in inventory
  • TaskCategorize hardware based on type or function
  • Key ResultDevelop a functional asset tagging system for owned devices
  • TaskImplement asset tags on each owned device
  • TaskIdentify all owned devices for cataloguing and tracking
  • TaskCreate a unique identification system for asset tags
  • Key ResultApply asset tags to 100% of owned devices successfully
  • TaskDesignate an individual to oversee the tagging process
  • TaskPurchase durable, high-quality asset tags for all owned devices
  • TaskConduct an audit to ensure that all devices are tagged

OKRs to enhance data governance by building a robust business catalog

  • ObjectiveEnhance data governance by building a robust business catalog
  • Key ResultIncrease number of cataloged business assets by 30%
  • TaskInitiate an equipment inventory audit across all departments
  • TaskInvest in new business assets and update registry
  • TaskEncourage employees to report unregistered assets
  • Key ResultAchieve 95% data accuracy and completeness in the built business catalog
  • TaskTrain staff on data accuracy importance and techniques
  • TaskImplement rigorous data validation procedures
  • TaskConduct regular audits and cleanups of existing data
  • Key ResultEstablish standardized cataloging and data stewardship guidelines applicable across all departments
  • TaskDevelop guidelines for standardized cataloging and data stewardship
  • TaskCommunicate guidelines to all department heads for implementation
  • TaskMonitor department compliance with standardized procedures

OKRs to financial asset management

  • ObjectiveImprove the value and efficiency of our financial asset management processes
  • Key ResultIncrease overall financial performance by 80%\
  • Key ResultIncrease the value of our financial assets by 25%
  • Key ResultReduce the time spent on financial asset management tasks by 50%
  • Key ResultImprove the organization's ability to make informed financial decisions by 95%

OKRs to simplify API architecture and retire outdated assets

  • ObjectiveSimplify API architecture and retire outdated assets
  • Key ResultMerge 6 old APIs into 2 new APIs with full functionality and compatibility
  • Key ResultDecommission old assets and ensure all endpoints are no longer utilized or maintained
  • TaskNotify relevant stakeholders regarding the decommissioning plan and timeline
  • TaskExecute the proper disposal or repurposing of the decommissioned assets
  • TaskConduct a final audit to confirm that all endpoints are no longer in use
  • TaskIdentify and inventory all old assets within the organization
  • Key ResultReduce system response time by 20% and improve overall API performance
  • Key ResultSuccessfully migrate all existing data and functionalities without any loss or interruptions
  • TaskContinuously monitor and test migrated data and functionalities for any potential issues
  • TaskDevelop a comprehensive migration plan detailing step-by-step procedures and timelines
  • TaskExecute data migration process meticulously, ensuring accuracy and completeness
  • TaskConduct a thorough analysis to identify all existing data and functionalities

Best practices for managing your Asset Management OKRs

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide πŸ‘‡

Tip #1: Limit the number of key results

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

Building your own Asset Management OKRs with AI

While we have some examples above, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Best way to track your Asset Management OKRs

Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:

  • It brings the goals back to the top of the mind
  • It will highlight poorly set OKRs
  • It will surface execution risks
  • It improves transparency and accountability

We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.

A strategy map in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

More Asset Management OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

Create more examples in our app

You can use Tability to create OKRs with AI – and keep yourself accountable πŸ‘€

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