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10 OKR examples for Contract Manager

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Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.

What are Contract Manager 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.

Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.

We have curated a selection of OKR examples specifically for Contract Manager to assist you. Feel free to explore the templates below for inspiration in setting your own goals.

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

The best tools for writing perfect Contract Manager OKRs

Here are 2 tools that can help you draft your OKRs in no time.

Tability AI: to generate OKRs based on a prompt

Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.

Watch the video below to see it in action 👇

Tability Feedback: to improve existing OKRs

You can use Tability's AI feedback to improve your OKRs if you already have existing goals.

AI feedback for OKRs in Tability

Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.

Contract Manager OKRs examples

You will find in the next section many different Contract Manager Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

OKRs to achieve full contract coverage

  • ObjectiveAchieve full contract coverage
  • KRDevelop and implement strategies to cover 50% of uncovered contracts by week 6
  • KRObtain full coverage for all identified contracts by week 12
  • TaskFinalize and obtain coverage for all contracts by week 12
  • TaskReview and identify all existing contracts by week 9
  • TaskStart requesting full coverage quotes by week 10
  • KRIdentify and list all contracts lacking coverage by week 2

OKRs to achieve efficiency in contract reviews and legal cost reduction

  • ObjectiveAchieve efficiency in contract reviews and legal cost reduction
  • KRImplement automated legal tech tools to assist with contract reviews
  • TaskSelect and purchase a suitable automated contract review software
  • TaskTrain the team to use the selected tech tools effectively
  • TaskResearch various automated legal tech tools available in the market
  • KRNegotiate or reassess fees with legal service providers for 15% cost reduction
  • TaskInitiate negotiation meetings with each provider
  • TaskResearch market rates for comparison in negotiations
  • TaskIdentify current legal service providers and review contract details
  • KRDecrease average contract review time by 50%
  • TaskTrain staff on efficient contract reviewing techniques
  • TaskImplement automation tools to expedite contract review process
  • TaskStreamline the contract review workflow

OKRs to secure renewal of OnPoint clients with updated agreement

  • ObjectiveSecure renewal of OnPoint clients with updated agreement
  • KRAchieve a 95% satisfaction rate among clients renewing their contracts
  • TaskConduct regular customer satisfaction surveys and improve upon feedback
  • TaskInitiate loyalty programs that add value to contracts
  • TaskBoost customer service quality and response times
  • KRFinalize Managed Services Agreement details for all renewals by mid-quarter
  • TaskConfirm all agreements by the designated time
  • TaskReview all Managed Services Agreement renewal details
  • TaskUpdate any necessary agreement terms
  • KRPersuade 70% of current clients to renew under the new pricing within the quarter
  • TaskCreate a persuasive presentation highlighting benefits of new pricing plan
  • TaskSchedule phone consultations to discuss individual concerns
  • TaskOffer limited-time incentives for early renewal

OKRs to secure new clientele from three distinct sectors

  • ObjectiveSecure new clientele from three distinct sectors
  • KRIdentify and establish contacts with 50 potential clients from different industries
  • TaskResearch diverse industries to identify 50 potential clients
  • TaskInitiate contact with potential clients via email or phone
  • TaskArrange and conduct initial client meetings or presentations
  • KRSuccessfully pitch services to at least 30% of the identified potential clients
  • TaskSchedule and conduct efficient, persuasive pitch meetings
  • TaskDevelop and refine customized service pitch for each client
  • TaskIdentify and research potential clients' needs and interests
  • KRConvert 15% of pitched potential clients into signed contracts
  • TaskTrain team in negotiation techniques to secure contracts
  • TaskEnhance proposals with detailed, customized solutions for each client
  • TaskImprove follow-up strategies to maintain contact post-pitch

OKRs to secure two contracts with value at least $300,000

  • ObjectiveSecure two contracts with value at least $300,000
  • KRSuccessfully negotiate and close at least two contracts valued above $150,000 each
  • TaskResearch and identify potential high-value clients
  • TaskDevelop customized proposals for each client
  • TaskConduct persuasive negotiation meetings
  • KRConduct 30 business proposal presentations for potential clients
  • TaskSchedule and execute 30 presentations
  • TaskCreate and refine business proposal presentations
  • TaskIdentify and research 30 potential clients for proposals
  • KRIdentify and reach out to 50 potential clients by the end of the quarter
  • TaskSend outreach messages to each potential client
  • TaskDraft a personalized outreach message for each contact
  • TaskCreate a list of 50 potential clients relevant to our business

OKRs to successfully optimize a contract operations project

  • ObjectiveSuccessfully optimize a contract operations project
  • KRImplement optimizations in top-priority area and achieve 20% efficiency increase
  • TaskMonitor and ensure 20% efficiency increase
  • TaskDevelop and implement efficiency improvement strategies
  • TaskIdentify top-priority area requiring optimization
  • KRIdentify and prioritize 5 potential areas for improvement by end of Week 3
  • TaskRank the areas based on urgency and potential impact
  • TaskIdentify 5 areas in need of improvement within the operations
  • TaskAnalyze the importance and impact of each area
  • KRDocument the optimization process with insights to guide future projects
  • TaskCreate a guide based on insights for future projects
  • TaskAnalyze and record insights gained from the optimization
  • TaskDocument all steps taken during process optimization

OKRs to optimize energy efficiency program vendor management and contracts

  • ObjectiveOptimize energy efficiency program vendor management and contracts
  • KRIncrease vendor punctuality for deliverables by 30% to improve program efficiency
  • TaskImplement strict delivery deadlines for all vendors
  • TaskSet up early warning systems for late deliveries
  • TaskRegularly monitor and enforce vendor compliance
  • KRAchieve a 25% decrease in energy usage across all managed programs
  • TaskImplement an energy management software across all programs
  • TaskConduct regular energy audits and efficiency assessments
  • TaskEducate staff about energy conservation strategies
  • KRReduce contract-related disputes by 40%, fostering better relationships
  • TaskImplement clear communication about contract terms with all parties involved
  • TaskConduct regular reviews and amendments of contracts for accuracy
  • TaskIntroduce mandatory dispute resolution training for contract managers

OKRs to achieve a flawless state contract compliance audit

  • ObjectiveAchieve a flawless state contract compliance audit
  • KRAttain 100% completion of compliance training for all team members
  • TaskAssign compliance training to all team members
  • TaskMonitor progress and follow up
  • TaskSend reminders to complete the training
  • KRDemonstrate complete adherence to stipulated protocols in all contract documentation
  • TaskReview all contracts for compliance with specified protocols
  • TaskImplement checks for protocol adherence in contract creation
  • TaskAttend training to understand protocol requirements
  • KRImplement biweekly audit preparation meetings for 100% staff participation
  • TaskCommunicate meeting schedule and expectations to all staff members
  • TaskDefine agenda and frequency for biweekly audit preparation meetings
  • TaskMonitor attendance and actively encourage 100% participation

OKRs to secure a new project contract with a new client

  • ObjectiveSecure a new project contract with a new client
  • KRIdentify and establish contact with 50 potential new clients within the industry
  • TaskResearch to compile a list of 50 potential clients within the industry
  • TaskSend emails to identified potential clients
  • TaskDraft a personalized introductory email to establish contact
  • KRSubmit high-quality proposals to at least 20 new prospective clients
  • TaskDevelop robust, customized proposals for each client
  • TaskSubmit the proposals and follow up promptly
  • TaskIdentify 20 potential new clients and research their needs
  • KRSuccessfully negotiate and finalize at least one contract with a new client
  • TaskIdentify and research potential new clients
  • TaskCraft and send personalized business proposals
  • TaskArrange negotiation meetings to finalize contract

OKRs to increase account expansion by securing contract renewals for 90% of existing clients

  • ObjectiveAchieve a high rate of contract renewals for existing clients
  • KRIncrease customer satisfaction rates by 15% via feedback surveys
  • KRImprove account management processes to reduce churn by 10%
  • KROutperform monthly revenue targets by 20% to upsell and cross-sell
  • KRLaunch a customer referral program to generate 30% new business from existing clients

Contract Manager OKR best practices

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.

Tip #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.

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.

Save hours with automated OKR dashboards

AI feedback for OKRs in Tability

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:

Spreadsheets are enough to get started. Then, once you need to scale you can use Tability to save time with automated OKR dashboards, data connectors, and actionable insights.

How to get Tability dashboards:

That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.

More Contract Manager OKR templates

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

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