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9 OKR examples for Product Development Efficiency

What are Product Development Efficiency 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.

Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.

We've tailored a list of OKRs examples for Product Development Efficiency 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 Product Development Efficiency 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"

AI feedback for OKRs in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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 Product Development Efficiency OKRs examples

You will find in the next section many different Product Development Efficiency 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!

1OKRs to enhance Product Development Efficiency through Metrics and Tools

  • ObjectiveEnhance Product Development Efficiency through Metrics and Tools
  • KRDevelop and implement 3 new performance metrics for evaluating product development progress
  • TaskFormulate three new applicable performance metrics
  • TaskIdentify key areas for improvement in product development process
  • TaskImplement metrics into ongoing project evaluation
  • KRProcure and integrate 2 productivity-enhancing tools into the product development process
  • KRIncrease product development speed by 20% using efficiency-focused operational methods
  • TaskStreamline communication processes for faster decision-making
  • TaskProvide efficiency training for product development team
  • TaskImplement agile methodology for quicker development cycles
Tability

2OKRs to increase efficiency and effectiveness of product development through continuous process improvement

  • ObjectiveIncrease efficiency and effectiveness of product development through continuous process improvement
  • KRAchieve a customer satisfaction rating of 90% by addressing product development pain points and enhancing quality
  • KRDecrease resource wastage by 10% through optimized resource allocation and utilization
  • TaskIdentify and prioritize areas where resource wastage is currently occurring
  • TaskMonitor and track resource usage regularly to ensure ongoing reduction in wastage
  • TaskImplement streamlined processes and systems to improve resource allocation and utilization efficiency
  • TaskConduct a thorough assessment of current resource allocation and utilization practices
  • KRIncrease the percentage of successful product launches by 15% through improved workflows and collaboration
  • TaskFoster cross-functional collaboration through regular team meetings and knowledge sharing sessions
  • TaskConduct a thorough analysis of existing workflows to identify bottlenecks and inefficiencies
  • TaskImplement a project management tool to streamline communication and task tracking
  • TaskEstablish a feedback loop with stakeholders to continuously improve product launch processes
  • KRReduce product development cycle time by 20% through streamlined processes and automation

3OKRs to improve product management efficiency

  • ObjectiveImprove product management efficiency
  • KRIncrease customer satisfaction rating by 10% through continuous improvement of product features and functionality
  • TaskImplement necessary product updates based on customer feedback to enhance satisfaction
  • TaskAnalyze survey data to identify areas for improvement in product features and functionality
  • TaskMonitor customer satisfaction rating regularly to track progress and make further improvements
  • TaskConduct regular customer surveys to gather feedback on product features and functionality
  • KRIncrease cross-functional collaboration by ensuring 90% of product decisions involve inputs from key stakeholders
  • TaskSchedule regular cross-functional meetings to discuss and gather input on product decisions
  • TaskCreate a centralized platform for stakeholders to provide feedback and suggestions on product development
  • TaskImplement a process to collect feedback from key stakeholders before finalizing product decisions
  • TaskConduct training sessions to educate team members about the importance of cross-functional collaboration
  • KRAchieve a 15% increase in product revenue by identifying and implementing new monetization strategies
  • TaskTrack and measure revenue growth after implementing new monetization strategies for optimization
  • TaskConduct market research to identify new consumer needs and preferences
  • TaskCollaborate with the product development team to create and implement new revenue-generating features
  • TaskAnalyze competitor strategies to uncover potential monetization opportunities
  • KRReduce average time to market by 20% through streamlined product development processes
  • TaskConduct thorough analysis and eliminate non-essential steps from the product development workflow
  • TaskStreamline communication channels and establish clear guidelines for efficient information sharing
  • TaskOptimize resource allocation and prioritize tasks to minimize bottlenecks in the product development process
  • TaskImplement agile project management methodologies and cross-functional collaboration for faster decision-making

4OKRs to improve development team productivity

  • ObjectiveIncrease development team productivity
  • KRReduce average time taken to complete development tasks by 20%
  • TaskProvide developers with necessary training and resources to enhance productivity
  • TaskImplement agile development methodologies and prioritize tasks based on importance
  • TaskEncourage open communication and collaboration among team members to expedite task completion
  • TaskIdentify bottlenecks in the development process to streamline efficiency
  • KRImprove unit test coverage by 10% for critical components
  • KRReduce the number of production bugs reported by customers by 25%
  • TaskConduct regular code reviews to identify and fix potential bugs before deployment
  • TaskImplement automated unit testing for critical components and frequently executed code
  • TaskIncrease the frequency of software releases to address and resolve issues more promptly
  • TaskImprove communication channels with customers to encourage reporting and capturing of bugs
  • KRIncrease code review completion rate by 15%
  • TaskSchedule regular team meetings to discuss and address code review concerns
  • TaskProvide comprehensive and concise code review guidelines for reviewers
  • TaskEncourage timely and constructive feedback during code review discussions
  • TaskImplement a clear and streamlined code review process

5OKRs to enhance efficiency and productivity in development within the team

  • ObjectiveEnhance efficiency and productivity in development within the team
  • KRImprove problem-solving capabilities by 40% in resolving coding issues
  • TaskSeek mentorship from senior coders for guidance
  • TaskPractice resolving issues with more complex code
  • TaskEnroll in advanced coding and problem-solving workshops
  • KRDeliver four high-quality projects within agreed upon timelines and standards
  • TaskMaintain continual progress monitoring for quality assurance
  • TaskEstablish clear timelines and standards for each project
  • TaskImplement effective communication amongst project team members
  • KRIncrease engagement and participation in weekly team development reviews by 100%
  • TaskSend reminder notifications prior to weekly development review meetings
  • TaskIncentivize active participation with rewards recognizing valuable input
  • TaskEnsure agenda topics are relevant and engaging for all team members

6OKRs to boost productivity across all team operations

  • ObjectiveBoost productivity across all team operations
  • KRImplement a project management tool and decrease missed deadlines by 20%
  • TaskTrain staff members in tool's optimal usage
  • TaskResearch and select a suitable project management tool
  • TaskMonitor and measure the decrease in missed deadlines
  • KRArrange bi-weekly professional development workshops to improve skill efficiency by 10%
  • TaskIdentify relevant topics for bi-weekly professional development workshops
  • TaskSecure skilled presenters or facilitators for these workshops
  • TaskSchedule and communicate workshop dates and details to the team
  • KRReduce meeting times by 15% to increase work hours
  • TaskEncourage concise, effective communication in meetings
  • TaskAssess and eliminate non-essential topics from meeting agendas
  • TaskImplement a stricter timetable for meetings

7OKRs to improve proficiency in manual and automation testing

  • ObjectiveImprove proficiency in manual and automation testing
  • KRSuccessfully identify and report 90% of bugs in 5 assigned projects
  • TaskConduct thorough bug detection in each assigned project
  • TaskGenerate comprehensive bug reports for management
  • TaskDocument and categorize each identified bug
  • KRComplete three advanced courses in manual and automation testing with at least 85% score
  • TaskResearch and enroll in manual and automation testing courses
  • TaskConsistently study course materials for understanding
  • TaskAchieve 85% or more on all course exams
  • KRIncrease testing speed by 30% without sacrificing quality of test results
  • TaskStreamline test procedures to eliminate redundancies
  • TaskTrain staff on efficiency and time management tactics
  • TaskImplement automation for repetitive test procedures

8OKRs to achieve full productivity as a General Accountant

  • ObjectiveAchieve full productivity as a General Accountant
  • KRReduce weekly accounting errors by 50%
  • TaskImplement thorough double-checking procedures for all accounting tasks
  • TaskProvide additional training on accounting software usage
  • TaskInstantly address and correct identified accounting errors
  • KRScore at least 90% on internal accounting knowledge assessments
  • TaskStudy company's internal accounting policies daily
  • TaskPractice with past assessment tests for improvement
  • TaskSeek clarifications for any accounting concepts not understood
  • KRIncrease speed of invoice processing by 30%
  • TaskTrain staff in efficient invoice processing techniques
  • TaskStreamline invoice approval process
  • TaskImplement automation software for quick invoice management
Tability

9OKRs to enhance efficiency and productivity as a virtual assistant

  • ObjectiveEnhance efficiency and productivity as a virtual assistant
  • KRReduce task completion time by 30% employing time management techniques
  • TaskSet realistic, achievable goals for task completion
  • TaskImplement productivity tools to better monitor task progress
  • TaskPrioritize tasks based on urgency and importance
  • KRComplete online certification in assistance automation tools by end of next quarter
  • TaskResearch viable online courses in assistance automation tools
  • TaskComplete and pass all course requirements for certification
  • TaskEnroll in a chosen course and schedule study hours
  • KRAchieve 98% customer satisfaction score through improved support services
  • TaskRegularly analyze and update support procedures for efficiency
  • TaskImplement customer feedback system to prioritize improvements
  • TaskTrain support staff in advanced customer service techniques

Product Development Efficiency 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 Product Development Efficiency 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

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 Product Development Efficiency OKR templates

We have more templates to help you draft your team goals and OKRs.