7 simple rules for company-wide OKRs
We’re getting ready to set our Q3 company OKRs. This morning we discussed 7 rules we’re following that describes our current OKR process.
Reminder: for something to be a company OKR
- Describable and scopeable (is it ‘baked’?)
- Sized based on internal or external data. Impact $ can be annualized or for Q3
- Threshold should be material contribution (e.g. 5% revenue uplift)
- Work should require cross functional support from scarce resources: tech, data, & senior leadership time
- Co-leads should be appointed, with at least one from the global leaders team
- Commitment is a scoping doc & timeline, weekly meeting and weekly reporting
- Requirements for a functional OKR are much more relaxed, although these can also be lightly cross functional. Rigor around opportunity sizing and scoping is important.
Henry Mullin at Douglas Elliman NYC
5 年Nice read! Good Project Management is crucial for teams of any size.