1 OKR examples for Cost Savings

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 Savings 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

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.

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKRs-tracking platform to make things easier.

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 Savings OKRs templates

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

OKRs to successfully migrate on-premises infrastructure to cloud service

Successfully migrate on-premises infrastructure to cloud service
Train all team members on how to use the new cloud service effectively
Schedule training sessions for all team members
Identify suitable training course for new cloud service
Monitor and assess team's proficiency post-training
Complete migration of all essential data and applications using cloud service
Begin transferring prioritized data to the cloud service
Assess and categorize all data and applications for migration
Conduct thorough post-migration testing and verification
Achieve cost savings of at least 20% compared to current on-premises setup
Establish and implement a company-wide energy saving program
Evaluate and implement more efficient, cost-effective technologies
Initiate negotiations with current vendors for price reductions

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