8 customisable OKR examples for Asset Management Team
What are Asset Management Team 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 Team 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.
Building your own Asset Management Team OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable Asset Management Team OKRs examples
We've added many examples of Asset Management Team Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
1. OKRs to improve effectiveness in asset tagging across all devices
Improve effectiveness in asset tagging across all devices
Increase inventory accuracy by 20% through efficient asset tagging
Conduct regular inventory audits for accuracy checks- Implement barcode system for real-time tracking of inventory
- Train staff on proper asset tagging procedures
- Eliminate 15% of asset misplacements through implementing effective tagging technology
- Research and select advanced tagging technology
- Evaluate current asset management and identify loopholes
- Implement chosen tagging technology across all assets
- Train 90% of team members on latest asset tagging techniques by end of quarter
- Monitor and document training participation and completion rates
- Identify suitable training resources on latest asset tagging techniques
- Schedule mandatory training sessions for team members
2. OKRs to enhance efficiency and uniformity in IT asset management processes
- Enhance efficiency and uniformity in IT asset management processes
- Increase process automation to decrease manual intervention by 35%
- Implement appropriate automation software to streamline processes
- Identify repetitive tasks that are suitable for automation
- Train staff on new automation tools for transitional efficiency
- Reduce process variability by achieving 90% adherence to structured workflows
- Monitor and measure workflow adherence regularly
- Identify the key steps in your current workflows
- Provide training on structured workflows to staff
- Train 100% of the Asset Management team on new standardized process protocols
- Develop comprehensive training material on new process protocols
- Validate training effectiveness through assessments
- Schedule and conduct training sessions for the team
3. OKRs to ensure all company devices are asset tagged
- Ensure all company devices are asset tagged
- Successfully tag and update database with 100% of company devices by week 12
- Apply tags and update the database by week 12
- Develop an efficient and uniform tagging system by week 10
- Compile a complete list of all company devices by week 8
- Procure quality asset tags for 100% of identified devices by week 8
- Identify and tally all devices that need asset tags
- Research and select high-quality asset tags
- Purchase and assign asset tags to each device
- Identify and categorize all company-owned devices by end of week 4
- Compile a list of all company-owned devices
- Verify and finalize list by end of week 4
- Categorize devices based on type and function
4. OKRs to streamline hardware inventory and implement asset tagging system
- Streamline hardware inventory and implement asset tagging system
- Catalogue and organize 100% of the current hardware inventory
- Systematize hardware details using an inventory management system
- List all existing hardware assets in inventory
- Categorize hardware based on type or function
- Develop a functional asset tagging system for owned devices
- Implement asset tags on each owned device
- Identify all owned devices for cataloguing and tracking
- Create a unique identification system for asset tags
- Apply asset tags to 100% of owned devices successfully
- Designate an individual to oversee the tagging process
- Purchase durable, high-quality asset tags for all owned devices
- Conduct an audit to ensure that all devices are tagged
5. OKRs to enhance data governance by building a robust business catalog
- Enhance data governance by building a robust business catalog
- Increase number of cataloged business assets by 30%
- Initiate an equipment inventory audit across all departments
- Invest in new business assets and update registry
- Encourage employees to report unregistered assets
- Achieve 95% data accuracy and completeness in the built business catalog
- Train staff on data accuracy importance and techniques
- Implement rigorous data validation procedures
- Conduct regular audits and cleanups of existing data
- Establish standardized cataloging and data stewardship guidelines applicable across all departments
- Develop guidelines for standardized cataloging and data stewardship
- Communicate guidelines to all department heads for implementation
- Monitor department compliance with standardized procedures
6. OKRs to ensure effective management of EUC assets
- Ensure effective management of EUC assets
- Achieve 100% completion of EUC asset inventory verification
- Update and finalize inventory records accordingly
- Verify physical presence and condition of all assets
- Compile a comprehensive list of all EUC assets
- Reduce EUC asset malfunction reports by 30%
- Implement regular preventive maintenance sessions for all EUC assets
- Enhance training for EUC equipment operators on troubleshooting
- Seek professional assessment of repetitively faulty EUC assets
- Attain 95% user satisfaction rate on EUC asset performance
- Implement regular maintenance schedule for EUC assets
- Enhance EUC asset performance based on feedback
- Conduct customer feedback surveys on EUC performance
7. OKRs to boost asset growth from new and existing customers
- Boost asset growth from new and existing customers
- Increase new customer along with asset acquisition by 30%
- Streamline onboarding process to increase customer retention
- Implement targeted marketing campaigns to attract new customers
- Promote special offers and incentives for large asset acquisition
- Reduce asset churn rate to less than 5%
- Enhance customer engagement to foster loyalty
- Implement strategies to improve asset longevity
- Identify key causes for high asset churn rate
- Improve existing customer assets growth by 40%
- Enhance brand loyalty program to encourage more purchases
- Improve customer service and relationship management
- Implement cross-selling strategies to promote additional products
8. OKRs to simplify API architecture and retire outdated assets
- Simplify API architecture and retire outdated assets
- Merge 6 old APIs into 2 new APIs with full functionality and compatibility
- Decommission old assets and ensure all endpoints are no longer utilized or maintained
- Notify relevant stakeholders regarding the decommissioning plan and timeline
- Execute the proper disposal or repurposing of the decommissioned assets
- Conduct a final audit to confirm that all endpoints are no longer in use
- Identify and inventory all old assets within the organization
- Reduce system response time by 20% and improve overall API performance
- Successfully migrate all existing data and functionalities without any loss or interruptions
- Continuously monitor and test migrated data and functionalities for any potential issues
- Develop a comprehensive migration plan detailing step-by-step procedures and timelines
- Execute data migration process meticulously, ensuring accuracy and completeness
- Conduct a thorough analysis to identify all existing data and functionalities
Asset Management Team OKR best practices to boost success
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 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the 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's audit dashboard will highlight opportunities to improve OKRsTip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tability's check-ins will save you hours and increase transparencyTip #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.
How to turn your Asset Management Team OKRs in a strategy map
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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 Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to streamline IT Service Desk for swifter resolution time
- OKRs to enhance brand reputation to drive B2B lead generation
- OKRs to successfully complete the GPU component
- OKRs to enhance skills and knowledge as Scrum Master and Agile Coach
- OKRs to successfully procure and implement a smart workplace management system
- OKRs to enhance the Packaging Design and Unboxing Experience
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.