3 OKR examples for Product Development Team Lead

What are Product Development Team Lead 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 Team Lead 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.

Our Product Development Team Lead OKRs examples

You'll find below a list of Objectives and Key Results templates for Product Development Team Lead. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to improve development team productivity

  • ObjectiveIncrease development team productivity
  • Key ResultReduce 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
  • Key ResultImprove unit test coverage by 10% for critical components
  • Key ResultReduce 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
  • Key ResultIncrease 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

OKRs to establish thought leadership in the B2B software product industry

  • ObjectiveEstablish thought leadership in the B2B software product industry
  • Key ResultIncrease blog traffic by 30% through engagement with relevant topics and discussion
  • TaskDevelop engaging, well-researched blog posts on these relevant topics
  • TaskIdentify popular topics among target audience for relevant blog content
  • TaskPromote posts and engage in discussions on various social media platforms
  • Key ResultSecure 3 speaking engagements at industry leading software conferences or webinars
  • TaskPrepare and finalize unique, engaging presentation materials
  • TaskIdentify and research top software conferences or webinars in the industry
  • TaskReach out to event organizers about speaking opportunities
  • Key ResultPublish 4 insightful whitepapers on critical B2B software product needs and solutions
  • TaskIdentify key issues facing B2B software products
  • TaskResearch potential solutions for these issues
  • TaskWrite and polish 4 comprehensive whitepapers

OKRs to scale product offering with multi-tenant apps

  • ObjectiveScale product offering with multi-tenant apps
  • Key ResultLaunch 3 new multi-tenant apps to diversify our offer
  • TaskIdentify potential markets for multi-tenant app development
  • TaskStrategize a marketing plan for newly developed apps
  • TaskAssemble a dedicated project team for app creation
  • Key ResultIncrease customer base using multi-tenant apps by 25%
  • TaskImplement referral programs to incentivize app sharing
  • TaskLaunch marketing campaigns to promote new multi-tenant apps
  • TaskDevelop multi-tenant apps targeting untapped audience segments
  • Key ResultImprove the usage rate of multi-tenant apps by 20%
  • TaskImplement user-friendly guided tours within the app
  • TaskProvide timely support and efficient problem resolution
  • TaskLaunch marketing campaigns highlighting app benefits

Best practices for managing your Product Development Team Lead 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

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

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.

Building your own Product Development Team Lead OKRs with AI

While we have some examples above, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Best way to track your Product Development Team Lead OKRs

Quarterly OKRs should have weekly updates to get all the 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

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

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 Team Lead 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 👀

Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.

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