2 OKR examples for Fraud Reporting
What are Fraud Reporting 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've tailored a list of OKRs examples for Fraud Reporting 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 Fraud Reporting OKRs with AI
How to create great OKRs for any scenario in seconds
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
How to improve existing OKRs with AI feedback
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Using the free OKR generator to get a quick template
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Our Fraud Reporting OKRs examples
You will find in the next section many different Fraud Reporting 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. OKRs to implement fraud reporting applications for customers
- ObjectiveImplement fraud reporting applications for customers
- KRLaunch application and achieve 30% adoption among active customers within one month
- Initiate a marketing campaign for app awareness
- Offer attractive incentives for initial app adopters
- Develop a user-friendly and appealing app interface
- KRTest application with 100 users within three weeks of prototype completion
- Finalize prototype for application testing
- Recruit 100 users for application testing
- Conduct application testing within three weeks
- KRDevelop a prototype for the fraud reporting application in two weeks
- Develop a functional prototype within the deadline
- Conduct and document initial usability tests
- Outline necessary features for the fraud reporting app
2. OKRs to enhance focus and accountability in Fraud Investigations Department
- ObjectiveEnhance focus and accountability in Fraud Investigations Department
- KRIncrease cases solved per investigator by 30% through focused team training
- Establish performance tracking to measure progress
- Implement specialized team training on investigation techniques
- Evaluate current investigation strategies for potential improvement
- KRAchieve 100% timely status update for ongoing fraud investigations for accountability
- Assign a team member responsible for tracking and updating status
- Conduct weekly checks to ensure all reports are up-to-date
- Implement a daily reporting system for all ongoing fraud investigations
- KRImplement advanced fraud detection tools to improve detection rate by 25%
- Research available advanced fraud detection tools on the market
- Train staff on how to utilize new detection software effectively
- Purchase and integrate chosen fraud detection tool into system
Fraud Reporting OKR best practices
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.
Tip #2: Commit to weekly OKR 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.
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.
How to track your Fraud Reporting 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
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 Fraud Reporting OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to create efficient service quality monitoring tools OKRs to process and complete all outstanding tax returns OKRs to streamline and enhance documentation retrieval and maintenance process OKRs to accelerate the sales of the medical aid product line OKRs to implement automation in data analysis and visualization OKRs to increase revenue through add-ons and seamless integrations