1 OKR examples for Operational Costs
OKRs are quickly gaining popularity as a goal-setting framework. But, it's not always easy to know how to write your goals, especially if it's your first time using OKRs.
We've tailored a list of OKRs examples for Operational Costs 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 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.
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.
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.
Operational Costs OKRs templates
We've added Operational Costs Objectives and Key Results, but also the initiatives that relate to the OKRs.
OKRs to achieve profitability by reducing operational costs by 20% in the current fiscal year
- Cut operational costs to achieve profitability
- Reduce employee overtime costs by 30%
- Implement automation processes to reduce manual labor costs by 20%
- Decrease inventory storage costs by 25%
- Lower utility expenses by 15% through energy-efficient measures
More OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to increase lead generation from organic and paid social media outlets OKRs to successfully orchestrate an engaging food street event OKRs to deliver stunning 3D art for the upcoming game OKRs to enhance overall employee engagement across the organization OKRs to implement CX platform (Service Now) OKRs to efficiently manage and improve IT conference call operations
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