Lesson 5: How to Troubleshoot OKRs
From the free e-course
“Objectives and Key Results (OKR) E-Course: How to Build a Product Strategy”
It’s not unusual to have problems when you first start using OKRs – in fact, it’s almost expected. As with anything new, part of the process is learning what works in any given scenario, and iterating to reach the desired outcome. In this final lesson, we’ve summarized key things to remember when you get started!
Good OKRs
- Provide a benchmark against which you can compare progress
- Are within your influence, but are not things you are doing or can control
- Are a combination of a qualitative objective and quantitative key result(s)
- Are scoped according to a suitable time period and outcome
- Given the choice between volume and conversion, pick conversion, so that unrelated or up-funnel activities are less of a consideration
- Include leading, rather than lagging, measures
Bad OKRs
Look like a to-do list or a series of activities
Reflect outputs, not outcomes
Are too broad to be useful
Don’t give enough time for change to be measurable
Key Takeaways
- OKRs aren’t KPIs – they’re not a measurement of performance, they are a way of aligning the business around desired outcomes
- Add OKRs to your product roadmap, so everyone can focus on the right outcomes
- Keep the number of Objectives to a minimum, ideally 1 or 2 per team. For each Objective, consider a small number of KRs to ensure a sharp focus.
- If you’re not seeing a change in your key result within a few weeks or a month, consider a more granular KR which is easier to affect
- Avoid individual OKRs – the effort involved in tracking and communicating them is unlikely to be relevant compared to the effect a single individual can make