3 customisable OKR examples for Cost Allocation

What are Cost Allocation 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 Cost Allocation 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.

Building your own Cost Allocation 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.

Feel free to explore our tools:

Our customisable Cost Allocation OKRs examples

You will find in the next section many different Cost Allocation 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!

1. OKR to streamline and expedite cost allocation computation process

  • ObjectiveStreamline and expedite cost allocation computation process
  • Key ResultDecrease computation process by 30% through automation or process enhancement
  • TaskDesign and implement automation scripts or software
  • TaskIdentify areas where automation can reduce computational processes
  • TaskEvaluate and tweak enhancements for optimal efficiency
  • Key ResultSuccessfully complete 100% of cost allocation computations by day 3
  • TaskReview and finalize computations by day 3
  • TaskStart cost allocation computations on day 1
  • TaskDedicate sufficient time and staff to computations
  • Key ResultDevelop a plan to optimize the computation method within the first 2 weeks
  • TaskIdentify current computation inefficiencies
  • TaskImplement and test the chosen method
  • TaskResearch alternative, optimized computation methods

2. OKR to improve cost efficiency through optimal resource allocation

  • ObjectiveImprove cost efficiency through optimal resource allocation
  • Key ResultReduce waste in resource allocation by identifying and eliminating non-essential expenses by 20%
  • TaskImplement and monitor the expense reduction plan
  • TaskIdentify non-essential expenses in current resource allocation
  • TaskCreate a plan to reduce these expenses by 20%
  • Key ResultReduce overall operational costs by 10% through careful cost monitoring and control
  • TaskImplement regular audits to identify unnecessary expenses
  • TaskEnforce strict budgeting and reduce waste
  • TaskIntroduce cost tracking systems in all departments
  • Key ResultIncrease resource utilization rate by 15% while maintaining performance quality
  • TaskImplement efficient resource allocation strategies
  • TaskProvide regular training for optimal resource utilization
  • TaskMonitor and optimize resource usage regularly

3. OKR to effectively meet the installation revenue targets

  • ObjectiveEffectively meet the installation revenue targets
  • Key ResultImprove upselling techniques to boost revenue by 15%
  • TaskDesign and implement effective incentive programs for successful upsells
  • TaskAnalyze customer data to identify upselling possibilities
  • TaskEnroll sales team in advanced upselling and cross-selling training workshops
  • Key ResultDecrease installation costs by optimizing resources, aiming for a 10% reduction
  • TaskReview current resource allocation for inefficiencies
  • TaskSimplify installation processes to save time and materials
  • TaskTrain staff in cost-effective installation practices
  • Key ResultIncrease the number of installations by 20%
  • TaskEnhance advertising efforts on social and digital platforms
  • TaskOptimize the app’s visibility in app stores
  • TaskImplement incentive-based promotions for app installations

Best practices for managing your Cost Allocation 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 👇

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

Tip #2: Commit to the weekly 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 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.

Best way to track your Cost Allocation OKRs

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.

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 Cost Allocation 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 👀

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