Table of content

2 OKR examples for Risk Mitigation

What are Risk Mitigation 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 Mitigation 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 Risk Mitigation OKRs examples

You will find in the next section many different Risk Mitigation 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!

OKRs to improve product quality by ensuring teams identify and mitigate risks

  • ObjectiveImprove product quality by ensuring teams identify and mitigate risks
  • Key ResultIncrease the number of identified risks during the product development process by 20%
  • TaskConduct regular risk assessment sessions to proactively identify potential risks and solutions
  • TaskEncourage open communication to enable team members to report potential risks promptly
  • TaskProvide training and resources to enhance risk identification skills of product development teams
  • TaskImplement a comprehensive risk identification framework for product development teams
  • Key ResultConduct quarterly training sessions for teams to enhance risk identification and mitigation skills
  • TaskEvaluate and assess the effectiveness of the training sessions through feedback and metrics
  • TaskDevelop training materials and curriculum for risk identification and mitigation
  • TaskSchedule and coordinate quarterly training sessions for all teams within the organization
  • TaskFacilitate interactive exercises and case studies to practice risk identification and mitigation
  • Key ResultImplement risk mitigation strategies for at least 80% of the identified risks
  • TaskImplement and monitor the effectiveness of risk mitigation strategies for at least 80% of risks
  • TaskConduct a thorough risk assessment to identify potential risks
  • TaskDevelop specific risk mitigation strategies for each identified risk
  • TaskPrioritize identified risks based on their potential impact and likelihood
  • Key ResultAchieve a 10% reduction in the occurrence of quality-related issues reported by customers
  • TaskAnalyze customer feedback to identify root causes of quality-related issues
  • TaskDevelop and implement corrective action plans based on root cause analysis
  • TaskImplement training programs for employees to improve quality control processes
  • TaskConduct customer surveys to identify common quality-related issues

OKRs 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

Best practices for managing your Risk Mitigation 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

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 the weekly 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 below). 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 Risk Mitigation OKRs with AI

While we have some examples below, 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 Risk Mitigation 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

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 Risk Mitigation 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.