15 customisable OKR examples for Risk Management

What are Risk Management OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.

We've tailored a list of OKRs examples for 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 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:

Our customisable Risk Management OKRs examples

You will find in the next section many different Risk Management 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 risk management in the finance department

  • ObjectiveEnhance risk management in the finance department
  • Key ResultDecrease risk-related financial losses by 15%
  • TaskStrengthen internal audit procedures
  • TaskProvide staff training on risk management
  • TaskImplement regular financial risk assessment strategies
  • Key ResultDevelop and train staff on 3 new risk mitigation strategies
  • TaskIdentify and outline 3 new risk mitigation strategies
  • TaskPrepare a comprehensive training program around these strategies
  • TaskSchedule and conduct training sessions for staff
  • Key ResultImplement risk assessment tools to identify 20% more financial risks
  • TaskChoose appropriate risk assessment tools
  • TaskTrain staff on proper tool usage
  • TaskMonitor and measure effectiveness regularly

2OKRs to minimize overall business risk

  • ObjectiveMinimize overall business risk
  • Key ResultEstablish a weekly risk assessment process and analyze 10 distinct risk areas
  • TaskDesign a weekly risk assessment process
  • TaskIdentify and list 10 distinct risk areas to be assessed
  • TaskConduct and analyze weekly risk assessments consistently
  • Key ResultImplement a risk management framework to reduce identified risks by 25%
  • TaskRegularly monitor and update risk management framework
  • TaskDevelop mitigation strategies for each identified risk
  • TaskIdentify potential risks onsite and categorize by severity
  • Key ResultProvide risk management training to 100% of management staff
  • TaskSchedule training sessions for all management staff
  • TaskVerify and record staff completion of training
  • TaskIdentify suitable risk management training courses or providers

3OKRs to boost employee awareness and risk perception

  • ObjectiveBoost employee awareness and risk perception
  • Key ResultReduce risk-related incidents by 25% through implementing preventative measures
  • TaskConduct regular training sessions to educate staff on risk prevention measures
  • TaskIdentify potential risk factors and root causes in existing operations
  • TaskDevelop and implement a comprehensive risk prevention plan
  • Key ResultLaunch a company-wide risk awareness training program with 90% staff completion
  • TaskDesign content for company-wide risk awareness training program
  • TaskDevise a plan to engage and incentivize 90% staff participation
  • TaskImplement tracking system to monitor employee training completion rates
  • Key ResultIncrease employee survey scores related to risk perception by 20%
  • TaskConduct workshops on risk management and its benefits
  • TaskInvolve employees in risk decision processes
  • TaskImplement a robust risk reporting system

4OKRs to enhance finance department's risk management initiatives

  • ObjectiveEnhance finance department's risk management initiatives
  • Key ResultImplement a comprehensive risk monitoring system by end of quarter
  • TaskSelect appropriate risk monitoring software
  • TaskTrain staff on system usage and reporting
  • TaskIdentify key risk factors for ongoing review
  • Key ResultAchieve a 20% increase in risk management staff competency through targeted training programs
  • TaskDevelop targeted training programs addressing identified skill gaps
  • TaskImplement training programs and assess staff competency improvements
  • TaskIdentify specific areas requiring competency improvement in risk management staff
  • Key ResultReduce operational errors by 25% through improved controls and processes
  • TaskEvaluate and upgrade existing tools and systems
  • TaskImplement stricter quality control measures
  • TaskConduct regular staff training on operational procedures

5OKRs to implement effective project risk management strategies

  • ObjectiveImprove project risk management
  • Key ResultReduce overall project risk by 20% through early identification and mitigation
  • Key ResultIncrease team's risk management maturity level by 2 points through training and coaching
  • Key ResultImplement a risk management tracking tool with 100% team adoption and utilization
  • Key ResultReduce project delay and budget overruns by 15% through proactive risk monitoring and response

6OKRs to improve risk management in the editorial department

  • ObjectiveImprove risk management in the editorial department
  • Key ResultConduct training on risk management for 100% of the editorial staff
  • TaskSchedule a suitable training date for editorial staff
  • TaskCommunicate training details and expectations to staff
  • TaskIdentify a risk management expert for training session
  • Key ResultReduce errors within outgoing pieces by 30% through stringent quality control measures
  • TaskRegularly review and improve quality control processes
  • TaskImplement comprehensive training in quality control techniques
  • TaskDevelop a detailed checklist to inspect outgoing pieces
  • Key ResultImplement a comprehensive risk assessment tool by end of the quarter
  • TaskAssign development team to create the tool
  • TaskPlan tests to evaluate tool efficacy
  • TaskIdentify necessary features for the risk assessment tool

7OKRs to optimize currency trading operations within the Treasury

  • ObjectiveOptimize currency trading operations within the Treasury
  • Key ResultReduce trade-related loss by 10% through improved analytics
  • TaskConduct bi-weekly assessment of current trade analytics results
  • TaskTrain employees on updated analytics tools and interpretation
  • TaskImplement more advanced analytics software to track trade activities
  • Key ResultAchieve 5% higher trade yield by innovative risk management
  • TaskDevelop a comprehensive risk management strategy
  • TaskTrain team in advanced risk assessment techniques
  • TaskImplement new trading algorithms and AI tools
  • Key ResultIncrease trade volume by 20% by refining trade strategy
  • TaskDevelop improved strategy based on data analysis
  • TaskAnalyze performance data of past trade strategies
  • TaskImplement and monitor the new strategy

8OKRs to enhance risk management approaches in our tech organization

  • ObjectiveEnhance risk management approaches in our tech organization
  • Key ResultTrain 90% of staff on updated risk management protocols by end of quarter
  • TaskIdentify staff needing training on risk management protocols
  • TaskSchedule and organize training sessions for identified staff
  • TaskMonitor and track staff training progress
  • Key ResultReduce operational risk instances by 30% through revised preventive measures
  • TaskConduct regular risk assessment trainings for staff
  • TaskConduct a thorough review of existing preventative measures
  • TaskDevelop and implement improved safety protocols
  • Key ResultImplement newly designated risk management software accurately within all departments
  • TaskEnsure software compatibility with existing department systems
  • TaskTrain all department heads on new risk management software
  • TaskMonitor and address issues during software integration period
  • Key ResultAchieve at least 90% compliance with new risk mitigation strategies across all divisions
  • TaskTrain all division heads on new risk mitigation strategies
  • TaskCreate measurable, division-specific compliance objectives
  • TaskMonitor and report compliance regularly for accountability

9OKRs to implement effective vulnerability management processes

  • ObjectiveStrengthen our vulnerability management procedures
  • Key ResultReduce high-priority vulnerabilities by 30% through consistent scanning and patching
  • Key ResultTrain all employees on vulnerability management best practices and create an awareness program
  • Key ResultImplement a continuous vulnerability scanning process for all systems and applications
  • Key ResultDevelop and implement a comprehensive vulnerability management policy based on industry standards

10OKRs to mitigate the risk associated with software maintenance

  • ObjectiveMitigate the risk associated with software maintenance
  • Key ResultImplement efficient risk management model for 90% of maintenance projects
  • TaskDevelop a comprehensive risk management model for maintenance projects
  • TaskApply the model to current maintenance projects for evaluation
  • TaskTrain project managers in risk management implementation
  • Key ResultAchieve zero unresolved critical issues for all maintained software
  • TaskTrain staff in proactive problem identification and resolution
  • TaskImplement regular system checks for software performance
  • TaskEstablish efficient issue reporting and resolution procedures
  • Key ResultProvide tailored training for all software engineers on identified critical areas
  • TaskSchedule and conduct tailored training sessions for engineers
  • TaskDevelop customized training programs focusing on these critical areas
  • TaskIdentify critical areas needing tailored training for software engineers

11OKRs to strengthen operational self-sufficiency and resiliency within the business

  • ObjectiveStrengthen operational self-sufficiency and resiliency within the business
  • Key ResultImplement two new business continuity plans
  • TaskTest and refine the proposed business continuity plans
  • TaskDevelop two separate strategies that address these risks
  • TaskIdentify potential risks that could disrupt business operations
  • Key ResultIncrease emergency fund savings by 25%
  • TaskSet up automated monthly transfers to emergency fund
  • TaskAnalyze current budget and identify unnecessary expenses
  • TaskGenerate additional income through side jobs
  • Key ResultTrain 90% of the team on new operational procedures for better autonomy
  • TaskImplement follow-up assessments to ensure competency
  • TaskOrganize comprehensive training sessions for team members
  • TaskDevelop simplified documentation of new operational procedures

12OKRs to enhance chargeback recovery process efficiency

  • ObjectiveEnhance chargeback recovery process efficiency
  • Key ResultReduce chargeback cases by 20% through advanced fraudulent activity detection
  • TaskRegularly update fraud identification patterns
  • TaskImplement advanced fraud detection software system
  • TaskTrain staff on new fraud detection tactics
  • Key ResultReduce processing time by 15% by optimizing internal workflows and procedures
  • TaskEvaluate the impact of the optimizations
  • TaskIdentify bottlenecks in current workflows and procedures
  • TaskImplement solutions to optimize identified inefficiencies
  • Key ResultIncrease successful recovery rate by 30% employing new tracking methodologies
  • TaskAssess and adjust strategies based on initial recovery results
  • TaskTrain staff on utilizing new tracing techniques effectively
  • TaskImplement new tracking methodologies in the recovery process

13OKRs to improve the efficiency of the chargeback recovery process

  • ObjectiveImprove the efficiency of the chargeback recovery process
  • Key ResultIncrease chargeback recovery rate by 25%
  • TaskReview and optimize billing descriptors
  • TaskImplement advanced fraud detection software
  • TaskTrain staff on effective dispute resolution techniques
  • Key ResultReduce recovery processing time by 15%
  • TaskTrain staff on time-efficient recovery processes
  • TaskInvest in automated recovery-based software to improve efficiency
  • TaskImplement process improvement strategies to streamline recovery procedures
  • Key ResultMinimize unresolved chargebacks by 20%
  • TaskRegularly update and review charging policies
  • TaskImplement stricter customer verification measures
  • TaskTrain staff to identify potential fraud

14OKRs to attain ISO 27001 certification

  • ObjectiveAchieve ISO 27001 certification
  • Key ResultImplement necessary controls and measures to address identified risks and improve information security
  • TaskRegularly monitor and test the effectiveness of implemented controls and measures
  • TaskEstablish strong access controls and authentication mechanisms to protect sensitive information
  • TaskConduct a comprehensive risk assessment to identify vulnerabilities and potential threats
  • TaskDevelop and implement security policies and procedures based on the identified risks
  • Key ResultTrain all employees on information security policies and procedures to ensure compliance
  • TaskDevelop a comprehensive training program on information security policies and procedures
  • TaskConduct mandatory training sessions for all employees on information security policies and procedures
  • TaskProvide all employees with updated written materials outlining information security policies and procedures
  • TaskRegularly assess and evaluate employees' understanding of information security policies and procedures
  • Key ResultConduct a comprehensive risk assessment to identify gaps in information security practices
  • TaskDevelop action plans to address and close the identified gaps in information security practices
  • TaskIdentify potential vulnerabilities and weaknesses in the existing information security infrastructure
  • TaskReview current information security practices and policies
  • TaskAssess the potential impact of identified risks on the organization's information and data
  • Key ResultSuccessfully pass the ISO 27001 certification audit conducted by an accredited external body
  • TaskAddress any identified gaps or weaknesses in the information security controls
  • TaskPrepare and organize all required documentation and evidence for the audit process
  • TaskImplement necessary improvements to align with ISO 27001 requirements and best practices
  • TaskConduct a thorough internal review of all information security controls and processes

15OKRs to eliminate high-risk tech debt over the next year

  • ObjectiveReduce high-risk tech debt to improve system stability
  • Key ResultConduct a thorough analysis to measure the impact of eliminating each high-risk tech debt item
  • Key ResultOutline and prioritize initiatives to eliminate each high-risk tech debt item
  • Key ResultComplete the elimination of at least 50% of high-risk tech debt items
  • Key ResultIdentify top 10 high-risk tech debt items

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

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.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

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.

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.

How to turn your Risk Management OKRs in a strategy map

Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs 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 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 Risk Management 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

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