7 customisable OKR examples for Financial Planning & Analysis

What are Financial Planning & Analysis OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.

We've tailored a list of OKRs examples for Financial Planning & Analysis to help you. You can look at any of the templates below to get some inspiration for your own goals.

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

Building your own Financial Planning & Analysis 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 Financial Planning & Analysis OKRs examples

You will find in the next section many different Financial Planning & Analysis 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 establish a robust, efficient new financial structure

  • ObjectiveEstablish a robust, efficient new financial structure
  • Key ResultAchieve 20% cost reduction through optimization of financial processes
  • Key ResultIntegrate advanced digital platforms for efficient monetary transactions by end of quarter
  • TaskImplement chosen platforms into current systems
  • TaskIdentify advanced digital platforms suitable for monetary transactions
  • TaskDevelop integration strategy for chosen platforms
  • Key ResultTrain 90% of finance employees on the new financial structure for seamless integration
  • TaskMonitor training progress to ensure 90% completion rate
  • TaskSchedule and coordinate with finance employees for their training
  • TaskIdentify suitable training seminars or courses on the new financial structure

2. OKR to grow personal net worth to $1m through strategic investments and savings

  • ObjectiveGrow personal net worth to $1m through strategic investments and savings
  • Key ResultInvest 30% of saved income wisely in high-yield platforms
  • TaskAllocate 30% of saved income for investment
  • TaskStrategically invest funds in chosen platforms
  • TaskIdentify high-yield investment platforms with a good reputation
  • Key ResultLimit expenses to save 50% of each month's income
  • TaskEstablish a consistent habit of depositing savings first
  • TaskSplurge on necessities only to cut down on extra expenses
  • TaskConsider cost-effective versions of daily used items
  • Key ResultIncrease passive income by 30% through evaluation and portfolio diversification
  • TaskResearch diverse investment opportunities for higher returns
  • TaskAnalyze current portfolio to identify underperforming assets
  • TaskAllocate investments strategically to profitable assets

3. OKR to enhance leadership skills to drive financial growth

  • ObjectiveEnhance leadership skills to drive financial growth
  • Key ResultImprove financial planning efficiency by 15 percent
  • TaskReduce unnecessary expenses by optimizing budgets
  • TaskImprove data accuracy to streamline financial forecasting
  • TaskImplement automated financial planning software
  • Key ResultInstitute weekly training to increase leadership skillset by 25%
  • TaskSchedule weekly training sessions for staff
  • TaskMeasure improvement in leadership skills post-training
  • TaskIdentify relevant leadership training programs or workshops
  • Key ResultDecrease operational costs by 10%, increasing margins
  • TaskConsolidate functions where possible for high productivity
  • TaskStreamline supply chain to reduce inefficiencies
  • TaskImplement energy-saving measures throughout the organization

4. OKR to to Increase productivity in financial statement preparation process

  • ObjectiveTo Increase productivity in financial statement preparation process
  • Key ResultStreamline communication process to decrease feedback acquisition from 10 days to 5 days
  • TaskImplement a unified communication platform for quicker feedback receipt
  • TaskEstablish regular short stand-up meetings for rapid updates
  • TaskSet clear expectations about response times with team members
  • Key ResultReduce time taken to compile financial data by 25%
  • TaskImplement automated data compilation software
  • TaskProvide staff training on efficient data management
  • TaskRegularly review and streamline finance processes
  • Key ResultImplement a new accounting software to minimize manual errors by 50%
  • TaskConduct staff training on new software use
  • TaskIdentify and purchase appropriate accounting software
  • TaskDefine requirement specifications for new accounting software

5. 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

6. OKR to improve Financial Planning and Analysis Processes

  • ObjectiveImprove our FP&A processes
  • Key ResultReduce the time spent on manual data entry by 50%
  • Key ResultImprove accuracy of financial projections by 25%
  • Key ResultIncrease the use of data driven decision making by 20%

7. OKR to effectively manage expenditure within budget

  • ObjectiveEffectively manage expenditure within budget
  • Key ResultIncrease savings by 5% through strict budget adherence
  • TaskCut down discretionary spending and identify savings
  • TaskImplement a structured budget to monitor income and expenses
  • TaskRegularly review and adjust budget for optimal savings
  • Key ResultReduce unnecessary expenditure by 10%
  • TaskImplement cost-saving measures in those identified areas
  • TaskRegularly review and adjust budget to maintain reduced expenditure
  • TaskAnalyze monthly financial reports to identify wasteful spending areas
  • Key ResultTrack and categorize all expenses weekly
  • TaskReview and adjust budgets based on weekly expenses
  • TaskSet a weekly reminder to review and log all expenses
  • TaskCategorize each expense into pre-set budgets

Best practices for managing your Financial Planning & Analysis 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 Financial Planning & Analysis 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. 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

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 OKR-tracking tool for it.

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 Financial Planning & Analysis 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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