2 OKR examples for Cost Management

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 Management 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 more about the OKR meaning online.

Best practices for OKR

Your objectives should be ambitious, but achievable. Your key results should be measurable and time-bound. It can also be helfpul to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Building your own OKRs with AI

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

- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives – including a GPT-4 powered goal generator

How to track OKRs

The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly.

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 OKRs-tracking tool for it.

We recommend Tability for an easy way to set and track OKRs with your team.

Check out the 5 best OKR tracking templates to find the best way to monitor progress during the quarter.

Cost Management OKRs templates

The examples have Cost Management Objectives and Key Results, but they may also include the tasks that can help you get there.

OKRs to increase cost management efficiency for people and operations

Increase cost management efficiency for people and operations
Implement cost tracking system to monitor and analyze spend across departments
Train department heads in cost tracking system usage
Launch system and begin monitoring departmental expenses
Select cost tracking software suitable for our business needs
Train managers on cost management best practices to mitigate overspending
Follow-up on training effectiveness and changes
Identify experts to guide practice implementation
Arrange cost management training seminars for managers
Reduce operational costs by 10% through process optimization and automation
Conduct a thorough assessment of current operational processes
Implement process optimization and automation strategies
Identify inefficiencies and areas for automation

Try in Tability

OKRs to implement a cost-effective solution for portfolio tracking

Implement a cost-effective solution for portfolio tracking
Successfully integrate chosen solution into current system with 100% functionality by week 12
Develop an integration plan and timeline to implement the solution
Test and debug solution for 100% functionality by week 12
Evaluate suitability and functionality of chosen solution with the current system
Trial selected solutions and choose most efficient by week 10
Evaluate each solution's efficiency weekly
Implement chosen solutions for a trial period
Choose the most productive solution by week 10
Research and identify 3 cost-effective portfolio tracking solutions by week 6
Research affordable portfolio tracking services
Compile and analyze top 3 options
Outline key features needed in portfolio tracking solutions

portfolio-tracking cost-effective-solution project-manager it-specialist project-management-team it-support-team

Try in Tability

More 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.

To learn: Complete 2024 OKR cheat sheet
Blog posts: ODT Blog
Success metrics: KPIs examples