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How can you use OKRs to prioritize your work effectively?

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If you want to achieve your goals and manage your time effectively, you need a clear and measurable way to prioritize your work. One method that can help you do that is using OKRs, or Objectives and Key Results. OKRs are a framework for setting and tracking goals that aligns your vision, strategy, and actions. In this article, you will learn how to use OKRs to prioritize your work effectively and reduce stress.

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Shirin Danesh

Author of AMAZON bestseller: LEVEL UP: from unseen to sought-after?? Head of Enterprise Agility Bendigo Bank??Executive…

1 What are OKRs?

OKRs are a way of defining and measuring what you want to accomplish and how you will get there. They consist of two components: Objectives and Key Results. Objectives are the qualitative and inspirational statements that describe your desired outcomes. Key Results are the quantitative and specific indicators that show your progress and success. For example, an Objective could be "Increase customer satisfaction" and a Key Result could be "Reduce average response time by 20%".

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Shirin Danesh

Author of AMAZON bestseller: LEVEL UP: from unseen to sought-after?? Head of Enterprise Agility Bendigo Bank??Executive Career Coach??Creator of EXECUTIVE ELEVATE??Optimising Enterprise Investments??Fintech
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I see OKRs more as guide on Investment of our time and effort across the company. For each Objective, there will be initiatives, projects, products that we invest in.

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2 How to set OKRs?

To set OKRs, you need to follow some best practices and guidelines. First, you need to align your OKRs with your vision, mission, and values. This will help you focus on the most important and relevant goals for your organization or team. Second, you need to make your OKRs SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. This will help you avoid ambiguity and confusion and ensure that your OKRs are realistic and meaningful. Third, you need to involve your stakeholders and collaborators in the OKR setting process. This will help you gain buy-in, feedback, and support from the people who will help you achieve your OKRs.

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3 How to prioritize OKRs?

Once you have set your OKRs, you need to prioritize them according to their impact, urgency, and difficulty. You can use a simple matrix or a scoring system to rank your OKRs and decide which ones to focus on first. For example, you can use the Eisenhower matrix to categorize your OKRs into four quadrants: Important and Urgent, Important but Not Urgent, Not Important but Urgent, and Not Important and Not Urgent. You should prioritize the OKRs in the first quadrant, delegate or schedule the ones in the second and third quadrants, and eliminate or reduce the ones in the fourth quadrant.

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Shirin Danesh

Author of AMAZON bestseller: LEVEL UP: from unseen to sought-after?? Head of Enterprise Agility Bendigo Bank??Executive Career Coach??Creator of EXECUTIVE ELEVATE??Optimising Enterprise Investments??Fintech
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there are 4 major parameters that contribute to priortising 0- Alignment with overall strategy of company ... then 1- The value it brings to our customer (and business) think $ 2- The effort, think cost and complaxity 3- The Risk it can mitigate for company

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4 How to track OKRs?

To track your OKRs, you need to monitor and measure your Key Results regularly and consistently. You can use various tools and methods to track your OKRs, such as spreadsheets, dashboards, software, or apps. You should also communicate your OKR progress and status to your team and stakeholders frequently and transparently. This will help you celebrate your wins, identify your challenges, and adjust your actions as needed. You should also review your OKRs periodically and evaluate your performance and results. This will help you learn from your successes and failures and improve your OKR setting and execution.

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5 How to use OKRs to reduce stress?

Using OKRs can help you reduce stress by providing you with a clear direction, a sense of purpose, and a way to measure your achievements. OKRs can also help you avoid distractions, procrastination, and overwhelm by helping you prioritize your work and focus on the most impactful and urgent tasks. OKRs can also help you balance your workload and expectations by helping you set realistic and attainable goals and key results. OKRs can also help you increase your motivation, confidence, and satisfaction by helping you recognize your progress and celebrate your outcomes.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Shirin Danesh

Author of AMAZON bestseller: LEVEL UP: from unseen to sought-after?? Head of Enterprise Agility Bendigo Bank??Executive Career Coach??Creator of EXECUTIVE ELEVATE??Optimising Enterprise Investments??Fintech
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Competing or contradicting OKRs In the larger companies or in scale-ups there are many objectives, but they might be competing. meaning even if we invest in both they have negative impact on each others. Identifying them early on allows to better priortise

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How can you use OKRs to prioritize your work effectively?

1

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3

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5

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1 What are OKRs?

2 How to set OKRs?

3 How to prioritize OKRs?

4 How to track OKRs?

5 How to use OKRs to reduce stress?

6 Here’s what else to consider

Time Management

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How can you use OKRs to prioritize your work effectively?

1

2

3

4

5

6

1 What are OKRs?

2 How to set OKRs?

3 How to prioritize OKRs?

4 How to track OKRs?

5 How to use OKRs to reduce stress?

6 Here’s what else to consider

Time Management

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