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10 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

Using Tability AI to draft complete strategies 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.

See it in action in the video below 👇

Using the AI generator, you can:

  • Chat with an AI to draft your goals
  • Ask questions or provide feedback to refine the OKRs
  • Import the suggestion in an editor designed for goal setting
  • Switch back to a goal-tracking view in 1-click

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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 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
  • KRDecrease risk-related financial losses by 15%
  • TaskStrengthen internal audit procedures
  • TaskProvide staff training on risk management
  • TaskImplement regular financial risk assessment strategies
  • KRDevelop 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
  • KRImplement 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
Tability

2OKRs to enhance and streamline our risk management processes

  • ObjectiveEnhance and streamline our risk management processes
  • KRIdentify and document at least 30 potential risks impacting our business operations
  • TaskDocument all identified risks in a risk register
  • TaskCategorize each risk and its potential impact
  • TaskConduct a comprehensive risk identification process
  • KRImplement risk mitigation strategies for 100% of identified top-priority risks
  • TaskIdentify and prioritize all potential risks within the operation
  • TaskDevelop appropriate countermeasures for top-priority risks
  • TaskImplement and monitor these mitigation strategies consistently
  • KRAchieve a 20% decrease in operational disruptions due to better risk management
  • TaskImplement risk management training for all operational employees
  • TaskIntroduce proactive maintenance system to avoid disruptions
  • TaskRegularly review and update risk management strategies

3OKRs to minimize overall business risk

  • ObjectiveMinimize overall business risk
  • KREstablish 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
  • KRImplement 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
  • KRProvide 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

4OKRs to implement robust third-party risk management system

  • ObjectiveImplement robust third-party risk management system
  • KRAchieve 95% completion of resilience testing and contingency planning for identified risks
  • TaskIdentify and list all possible risks in the operational process
  • TaskDevelop and initiate resilience testing for each identified risk
  • TaskDevise contingency plans for each risk based on test results
  • KRDevelop and launch third-party risk grading system impacting 80% of relationships
  • TaskIdentify key risk factors impacting third-party relationships
  • TaskDevelop a grading system based on these factors
  • TaskImplement and communicate the grading system to relevant parties
  • KRIdentify and document 100% of third-party relationships and inherent risks
  • TaskCatalogue all existing third-party relationships
  • TaskAssess and note each relationship's inherent risk
  • TaskCreate a comprehensive documentation of findings

5OKRs to establish a robust risk management framework within the organization

  • ObjectiveEstablish a robust risk management framework within the organization
  • KRReduce identified operational risks by at least 30%
  • TaskReview and update current risk assessment procedures
  • TaskEnhance operational system's security features
  • TaskImplement regular employee safety and risk training programs
  • KRDevelop comprehensive risk identification protocols in 75% of company operations
  • TaskDevelop comprehensive risk identification protocols
  • TaskReview current risk identification methods in all operations
  • TaskImplement protocols in 75% of operations
  • KRTrain all staff on risk management policies and register 90% compliance
  • TaskOrganize risk management training for all staff members
  • TaskRegister staff members for compliance certification
  • TaskMonitor and document compliance rates

6OKRs to boost employee awareness and risk perception

  • ObjectiveBoost employee awareness and risk perception
  • KRReduce 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
  • KRLaunch 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
  • KRIncrease 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

7OKRs to enhance finance department's risk management initiatives

  • ObjectiveEnhance finance department's risk management initiatives
  • KRImplement 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
  • KRAchieve 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
  • KRReduce 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

8OKRs to enhance risk management and business support systems

  • ObjectiveEnhance risk management and business support systems
  • KRDevelop action plans to minimize identified risks by 25%
  • TaskIdentify potential risks within the current operations
  • TaskDevelop strategies to counteract each identified risk
  • TaskImplement these strategies effectively at all operational levels
  • KRImprove 3 current business support strategies based on risk analysis results
  • TaskOptimize existing contingency plans using risk analytics results
  • TaskRevise support strategy based on highest probable risks
  • TaskImplement risk mitigation tactics based on identified vulnerabilities
  • KRImplement a risk identification process for 80% of business operations areas
  • TaskDefine the scope of business operations for risk assessment
  • TaskConduct risk identification training for employees
  • TaskDevelop risk identification strategies for specified areas
Tability

9OKRs to implement effective project risk management strategies

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

10OKRs to improve risk management in the editorial department

  • ObjectiveImprove risk management in the editorial department
  • KRConduct 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
  • KRReduce 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
  • KRImplement 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

Risk Management 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 Risk Management OKRs

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.