11 customisable OKR examples for Cost Optimization

What are Cost Optimization 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 Optimization 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 Optimization 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 Optimization OKRs examples

You will find in the next section many different Cost Optimization 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 increase cost management efficiency for people and operations

  • ObjectiveIncrease cost management efficiency for people and operations
  • Key ResultImplement cost tracking system to monitor and analyze spend across departments
  • TaskTrain department heads in cost tracking system usage
  • TaskLaunch system and begin monitoring departmental expenses
  • TaskSelect cost tracking software suitable for our business needs
  • Key ResultTrain managers on cost management best practices to mitigate overspending
  • TaskFollow-up on training effectiveness and changes
  • TaskIdentify experts to guide practice implementation
  • TaskArrange cost management training seminars for managers
  • Key ResultReduce operational costs by 10% through process optimization and automation
  • TaskConduct a thorough assessment of current operational processes
  • TaskImplement process optimization and automation strategies
  • TaskIdentify inefficiencies and areas for automation

2. OKR to significantly reduce Customer Acquisition Cost (CAC) for our mobile app

  • ObjectiveSignificantly reduce Customer Acquisition Cost (CAC) for our mobile app
  • Key ResultImprove app store optimizations to increase organic downloads by 20%
  • TaskLeverage user feedback for app improvement
  • TaskReview and enhance keyword strategy in app descriptions
  • TaskOptimize app icon and screenshots for better visibility
  • Key ResultEnhance referral program to increase organic acquisition by 30%
  • TaskRedesign referral incentives to make them more attractive
  • TaskImplement user-friendly referral process in the app/website
  • TaskLaunch marketing campaign to promote referral program
  • Key ResultImplement A/B tests on marketing channels to enhance conversion rates by 15%
  • TaskIdentify key variables for A/B testing in current marketing channels
  • TaskAnalyze results, identify successful variables, implement changes
  • TaskPlan and execute A/B tests in the identified marketing channels
  • Key ResultDecrease app installation cost by 25% through optimizing ad targeting
  • TaskAnalyze user data to better understand our successful app installation demographics
  • TaskMonitor and adjust ad campaigns based on performance metrics
  • TaskRefine ad targeting parameters based on this analysis

3. OKR to achieve substantial operational cost reduction

  • ObjectiveAchieve substantial operational cost reduction
  • Key ResultImplement automation in 3 high-cost operational activities to improve efficiency
  • TaskImplement and monitor the automation processes
  • TaskDesign suitable automation strategies for each operation
  • TaskIdentify 3 high-cost operations prone to automation
  • Key ResultReduce operational expenses by 15% through process optimization and waste reduction
  • TaskIdentify and eliminate inefficient operational processes
  • TaskTrain staff on optimized workflow processes
  • TaskImplement waste reduction measures across all departments
  • Key ResultReduce third-party vendor costs by renegotiating contracts and exploring alternative suppliers
  • TaskResearch and evaluate alternative suppliers
  • TaskDevelop and implement cost-effective contracts with new vendors
  • TaskInitiate negotiations for current vendor contracts

4. OKR to optimize CPA by reducing it by 15%

  • ObjectiveDecrease CPA by 15%
  • Key ResultIdentify and pause underperforming campaigns
  • TaskPause or adjust campaigns that consistently underperform benchmarks
  • TaskReview campaign performance metrics
  • TaskDetermine performance benchmarks for each campaign
  • TaskCompare benchmarks to current campaign performance
  • Key ResultOptimize landing pages for higher conversion rates
  • TaskIncrease page load speed by optimizing images and minimizing text
  • TaskSimplify form fields and reduce the number of required inputs
  • TaskConduct A/B testing to determine optimal page layout
  • TaskCreate clear call-to-action button with contrasting color and placement
  • Key ResultPerform a comprehensive audit of current campaigns
  • TaskReview campaign goals and success metrics
  • TaskEvaluate ad copy and creative effectiveness
  • TaskAnalyze audience targeting and segmentation
  • TaskAssess budget allocation and ROI
  • Key ResultIncrease bids on top-performing campaigns
  • TaskMonitor campaign performance to evaluate the effectiveness of bid increases
  • TaskIdentify top-performing campaigns
  • TaskImplement bid increases on identified campaigns
  • TaskAnalyze performance data to determine bid increase percentage

5. 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

6. OKR to boost sales to achieve profitable standing

  • ObjectiveBoost sales to achieve profitable standing
  • Key ResultDecrease operational and production costs by 15% via optimization efforts
  • TaskReview and streamline production processes to eliminate inefficiencies
  • TaskImplement energy-saving measures to reduce utility bills
  • TaskNegotiate supplier contracts for better pricing
  • Key ResultIncrease total customer base by 30% to multiply potential sales points
  • TaskLaunch targeted promotional campaigns to attract new customers
  • TaskDevelop and execute a comprehensive marketing strategy
  • TaskStrengthen customer retention through improved after-sales support
  • Key ResultImprove sales conversion rates by 20% through enhanced marketing strategies
  • TaskCreate persuasive and engaging product descriptions
  • TaskDeploy targeted ad campaigns across different digital platforms
  • TaskDevelop a captivating unique selling proposition to attract potential customers

7. OKR to efficiently migrate services and databases to Google Cloud

  • ObjectiveEfficiently migrate services and databases to Google Cloud
  • Key ResultAchieve minimal downtime during the migration process
  • TaskConduct regular communication regarding the migration process with all relevant stakeholders
  • TaskPerform a thorough assessment of the existing infrastructure and identify potential issues
  • TaskDevelop a detailed migration plan with clear timelines and allocated resources
  • TaskImplement redundancy measures and backup systems to minimize the impact of any disruptions
  • Key ResultOptimize costs by analyzing and implementing cost-effective solutions in Google Cloud
  • TaskIdentify and eliminate any unnecessary services or resources to reduce expenses
  • TaskRegularly monitor and review cost reports and adjust strategies accordingly
  • TaskResearch and implement more cost-effective alternatives or optimized configurations for existing services
  • TaskConduct a thorough analysis of current Google Cloud services and associated costs
  • Key ResultEnsure seamless data migration from existing databases to Google Cloud
  • TaskPerform necessary data cleansing and transformation to ensure compatibility with Google Cloud
  • TaskAssess current database structure and data volume for smooth migration planning
  • TaskCreate a detailed data migration strategy outlining steps, tools, and timelines
  • TaskExecute step-by-step migration process, verifying data integrity and minimizing downtime
  • Key ResultSuccessfully migrate all services from current platform to Google Cloud

8. OKR to optimize cloud transition expenses

  • ObjectiveOptimize cloud transition expenses
  • Key ResultImplement a cost-monitoring dashboard to track cloud expenses
  • TaskTrain team on using the new dashboard
  • TaskChoose a suitable cost-monitoring dashboard software
  • TaskIdentify key metrics to monitor for cloud expenses
  • Key ResultReduce current on-premises infrastructure costs by 20%
  • TaskConsolidate redundant hardware and systems to streamline operations
  • TaskNegotiate better pricing contracts with vendors
  • TaskImplement energy-saving measures for physical infrastructure
  • Key ResultAchieve 30% cost savings from the cloud transition
  • TaskIdentify redundant applications prior to cloud migration
  • TaskOptimize cloud storage usage to reduce wastage
  • TaskUtilize automated scaling for cloud resources

9. OKR to optimize AWS Costs

  • ObjectiveOptimize AWS Costs
  • Key ResultDecrease monthly AWS spend by 15% compared to the previous quarter
  • TaskImplement automatic scaling and resource utilization monitoring for cost-effective resource provisioning
  • TaskImplement AWS Cost Explorer to analyze spending patterns and identify optimization opportunities
  • TaskOptimize EC2 instances and remove unused resources to reduce AWS usage costs
  • TaskUtilize Reserved Instances and Savings Plans to save on compute and database service costs
  • Key ResultIdentify and eliminate any unnecessary or unused AWS resources
  • TaskRemove or terminate any unnecessary or redundant AWS resources immediately
  • TaskEvaluate the purpose and necessity of each identified unused resource
  • TaskRegularly monitor and audit AWS resources to ensure ongoing resource optimization
  • TaskReview all AWS resources to identify any that are not actively being used
  • Key ResultImplement cost-saving measures, such as Reserved Instances and Spot Instances utilization
  • Key ResultConduct regular cost analysis to track and report savings achieved from optimization efforts
  • TaskCompile a comprehensive report showcasing the achieved savings and present it to stakeholders
  • TaskReview cost data and compare it to previous periods to identify potential savings
  • TaskAnalyze cost drivers and evaluate opportunities for optimization in different areas
  • TaskImplement a system to regularly track and monitor ongoing optimization efforts and cost savings

10. OKR to reduce operational cost in the Network Operations Center

  • ObjectiveReduce operational cost in the Network Operations Center
  • Key ResultReduce unnecessary expenses by 15% through procurement optimization
  • TaskImplement a stringent approval process for all procurements
  • TaskConduct regular reviews of procurement practices
  • TaskEliminate redundant suppliers to consolidate spending
  • Key ResultImplement cost-effective automated systems to decrease manual labor costs by 20%
  • TaskImplement the chosen systems and monitor the cost-saving
  • TaskResearch and select cost-effective automation systems
  • TaskIdentify areas where automation can replace manual labor
  • Key ResultAchieve a 10% reduction in energy usage through efficient resource management
  • TaskImplement weekly power shutdowns in non-essential areas
  • TaskInstall energy-efficient lighting and appliances throughout the facility
  • TaskInsulate building envelope to optimize heating/cooling use

11. OKR to decrease user acquisition cost for our mobile app

  • ObjectiveDecrease user acquisition cost for our mobile app
  • Key ResultImprove advertisement click-through rate by 15% with targeted marketing campaigns
  • TaskMonitor, analyze, and optimize campaign performance regularly
  • TaskImplement targeted ad campaigns based on identified personas
  • TaskResearch customer behavior to create detailed audience personas
  • Key ResultReduce average acquisition cost per user by 25%
  • TaskIncrease targeting precision in ad campaigns
  • TaskAnalyze and optimize current marketing strategies
  • TaskEnhance the retention strategies for existing customers
  • Key ResultIncrease organic app downloads by 30% through app store optimization
  • TaskPromotion through positive user reviews and ratings
  • TaskDevelop compelling app descriptions and attractive icons
  • TaskConduct keyword research to improve app store search ranking

Best practices for managing your Cost Optimization 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 Optimization OKRs

Quarterly OKRs should have weekly updates to get all the benefits from the 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

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 Optimization 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 👀

Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.

Signup1 Create your workspace
Signup2 Build plans in seconds with AI
Signup3Track your progress
Quick nav