OKR Examples

OKR Examples for Product Teams

Sample OKRs along with relevant discussions, organised by function

Product

As an emerging discipline, product management is in a better place to adopt known ways to measure performance of product management effectiveness. This page lists down a handful of such product OKR examples that can be scaled up or down depending on the organization’s size and OKR process maturity.

Company Level OKRs

Objectives	Key Results	Observations
Launch a blockbuster product by end of FY 2017-18	40% increase in pre-bookings for new product by Q3 FY 2017-18 70% increase in inquiries about new product, every quarter 60% demos given to prospects converted to negotiation stage by Q4 FY 2017-18	The objective would be good for a small company that has only one product that it offers to the market. On the other hand, if it’s a large company with many verticals, “Launch a blockbuster product” becomes a vague term. It becomes difficult to determine exactly which vertical would the product belong to and what would be the plan of action to go about achieving this objective. In this case, we can modify the objective and make it more comprehensive such as, “Launch a blockbuster goals management product by end of FY 2017-18.”

Team level OKRs

Objectives	Key Results	Observations
Create new user interface for product	Identify problems with current user interface Reduce time required for transitioning from one stage to another by 25% New user interface can be used by 90% users with minimal training	“Identify problems with current user interface” is a task. A sensible KR would be, “55% users reported problems with current user interface in previous quarter’s customer feedback.” This KR makes it easy for the team to identify the more common problems with current interface and take steps to avoid those while creating the new user interface.
Ideate and create new features for product by Q2 FY 2017-18	Seek feedback for new feature ideas from existing customers Create a poll to gather insights on top 5 most desirable features Finalize 3 new features for next product upgrade
Upgrade product and enable it to take on competitors’ products	Identify top 10 competitors playing in the same market Study common features and find areas where innovation is needed Replicate top features and their strategies that competitors push to the market
Increase the efficiency of bookkeeping process	Utilize advanced tools and techniques to eliminate errors Hire qualified bookkeepers with knowledge of the ever-changing compliance norms Prepare a monthly report to avoid loss of data

Individual level OKRs

Objectives	Key Results	Observations
Identify problems with current user interface by Q2 2017-18	Test all features in real time Identify areas where the product lags in more than 20% cases Provide solutions to reduce time lag Learn new skills to enhance creativity	While the fourth KR is perfectly okay for self development, the first three need to have more details. These could be better written as: Testing all features of existing product in real time reveal product lags in more than 20% cases Provide solutions to reduce time lag by 85%
Increase performance of product by Q4 FY 2017-18	Remove 95% bugs Identify tools to enhance performance of product Processing time reduced by 35%

Objectives

Key Results

Observations

Identify problems with current user interface by Q2 2017-18

Test all features in real time
Identify areas where the product lags in more than 20% cases
Provide solutions to reduce time lag
Learn new skills to enhance creativity

While the fourth KR is perfectly okay for self development, the first three need to have more details. These could be better written as:

Testing all features of existing product in real time reveal product lags in more than 20% cases
Provide solutions to reduce time lag by 85%

Increase performance of product by Q4 FY 2017-18

Remove 95% bugs
Identify tools to enhance performance of product
Processing time reduced by 35%