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The News God > Blog > Business & Finance > What are OKRs & how to monitor your OKRs?
Business & Finance

What are OKRs & how to monitor your OKRs?

PAUL CARROLL
Last updated: November 14, 2022 8:23 am
PAUL CARROLL
November 14, 2022
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6 Min Read
OKR
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OKRs stands for Objective & key results, they are a great way to structure your team’s work. OKRs are often daily, weekly or monthly objectives that your team needs to work on. OKRs are based on the top priorities of the business or organization. OKRs can help to drive teamwork and accountability. They are generally at the top of the hierarchy of priorities & they should be Specific, Realistic, Clear, and Achievable. OKRs have been discussed and used for years as one of the solutions to managing working practices and achieving desired goals. 

Once OKRs are set, it’s important to monitor progress regularly. OKR Dashboard is a great way to do this. OKR Dashboard brings transparency that helps to keep everyone on track and accountable. The OKR Dashboard can be accessed by everyone in the organization. They can also be customized according to organizational needs. 

Here is how to monitor OKRs using the dashboard-

  • Set your OKRs – 

The first step in setting OKRs is to identify the objectives, or goals, that you want to achieve. These should be aligned with the mission of your organization. Once you have identified your objectives, you need to set key results that will help you measure progress towards those objectives. Key results should be specific, measurable, achievable, relevant, and time-bound. 

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  • Allot weightage to each OKR – 

It’s important to allot the right amount of weight to each OKR. If you put too much emphasis on one area, you may end up neglecting other important areas of your business. On the other hand, if you don’t give enough weight to an OKR, you may not be able to achieve your objectives. The strategy is to find the right balance between both. OKRs are like a scale – if one side is heavier, the other side will be lighter. So, make sure you allot the appropriate amount of weight to each OKR. Then, you’ll be able to strike the perfect balance and achieve your goals.

  • Communicate OKRs to employees/teams –

The next step is to communicate your OKRs with your employees. Setting and communicating OKRs is essential for any organization that wants to achieve results. When communicating OKRs to employees or teams, it is important to be clear and concise. By taking the time to effectively communicate OKRs, organizations can ensure that everyone is aware of the goals and knows what needs to be done to achieve them.

  • Enter the OKRs in the dashboard – 

Then you must enter your OKRs into the dashboard. This may seem like a no-brainer, but it’s important to make sure that all of your OKRs are entered into the system so that you can track them effectively. Once your OKRs are in the system, you’ll need to start tracking progress. This step is crucial to ensuring that you’re making progress towards your goals. You may want to set up weekly or monthly check-ins to review your OKRs and see how you’re doing. 

  • Track Your OKRs in the dashboard –

Anyone who’s ever tried to reach a goal knows that it’s not enough to simply set it and forget it. You need to track your progress, see where you’re falling behind, and adjust your course accordingly. The best way to track your OKRs is in a dashboard. A dashboard allows you to see all of your OKRs in one place, and it provides an at-a-glance view of your progress. By tracking your OKRs in a dashboard, you can ensure that you’re always making progress towards your objectives.

  • Keep reviewing and aligning your OKRs –

Simply setting goals is not enough – you also need to periodically review and align your goals to make sure they are still relevant and achievable. This is especially important when it comes to OKRs, which are typically updated quarterly. Be sure to update the dashboard regularly so that everyone can see how the organization is doing.

  • Celebrate Your Success- 

Finally, don’t forget to celebrate your successes! When you reach a goal, take some time to celebrate your achievement and share it with your team. Celebrating your successes will help to keep everyone motivated and focused on the task at hand. OKRs can be a great way to measure and track progress, but only if they’re used correctly. Follow these simple steps and you’ll be well on your way to setting and achieving great OKRs.

There’s no better place to track your OKRs than in the OKR Dashboard. The OKR Dashboard is a simple, yet powerful tool that helps you stay on top of your OKRs. It allows you to set and track your OKRs, see how you’re progressing, and adjust your goals as needed. Try Huminos OKR Software which will provide you with the best OKR Dashboard. So what are you waiting for? Start tracking your OKRs today with Huminos.

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