3 customisable OKR examples for Project Risk Management
What are Project Risk Management 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 Project Risk Management 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 Project Risk Management 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:
- Use our free OKR generator
- Use Tability, a complete platform to set and track OKRs and initiatives, including a GPT-4 powered goal generator
Our customisable Project Risk Management OKRs examples
You'll find below a list of Objectives and Key Results templates for Project Risk Management. 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!
1. OKRs to implement effective project risk management strategies
Improve project risk management
Reduce overall project risk by 20% through early identification and mitigation
Increase team's risk management maturity level by 2 points through training and coaching
Implement a risk management tracking tool with 100% team adoption and utilization
Reduce project delay and budget overruns by 15% through proactive risk monitoring and response
2. OKRs to mitigate the risk associated with software maintenance
Mitigate the risk associated with software maintenance
Implement efficient risk management model for 90% of maintenance projects
Develop a comprehensive risk management model for maintenance projects
Apply the model to current maintenance projects for evaluation
Train project managers in risk management implementation
Achieve zero unresolved critical issues for all maintained software
Train staff in proactive problem identification and resolution
Implement regular system checks for software performance
Establish efficient issue reporting and resolution procedures
Provide tailored training for all software engineers on identified critical areas
Schedule and conduct tailored training sessions for engineers
Develop customized training programs focusing on these critical areas
Identify critical areas needing tailored training for software engineers
3. OKRs to eliminate high-risk tech debt over the next year
Reduce high-risk tech debt to improve system stability
Conduct a thorough analysis to measure the impact of eliminating each high-risk tech debt item
Outline and prioritize initiatives to eliminate each high-risk tech debt item
Complete the elimination of at least 50% of high-risk tech debt items
Identify top 10 high-risk tech debt items
Project Risk Management OKR best practices to boost success
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 Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #2: Commit to weekly OKR 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 Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
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 turn your Project Risk Management OKRs in a strategy map
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
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 Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
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 Project Risk Management OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to optimize AWS Costs
OKRs to achieve 100-unit sales without any budget
OKRs to amplify the voice of our current customer base
OKRs to improve Product Stability and Quality
OKRs to implement runtime configurability of features
OKRs to enhance proficiency in construction related principles with academic coursework
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
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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