You will need to be a manager of a team to create and manage Team level OKRs.
Team OKRs are a core concept of the Objectives and Key Results framework. By sharing objectives teams are able to create alignment and focus across the team.
It is simple to create team level OKRs in Weekly10. These will be visible to all employees in that team.
Employees within the team can also choose to align their own personal level OKRs to these.
You will need to be a manager of a team to create team level OKRs, but the process is simple:
- Go to the ‘My Team’ tab and select ‘OKRs’
- Select the date range that you wish to set the OKR for. The view will default to the current quarter, but you can change this.
- Click on ‘Create OKR’
- Enter a description and start and end date. This should be a high-level strategic objective.
- Enter at least one Key Result which will measure success against this objective. We would suggest focussing on output rather than effort in the metric chosen. More details about OKR units can be accessed here.
- The baseline value should be the starting point (for example $0 revenue) and the target value the final aim ($1,000,000). OKRs should be stretch targets and as a result are expected on average to hit around 70% of target.
- Click ‘Save’
- The OKR will now be created and visible within the current dashboard
The Key Results will be updated either via the OKR screen and/or via the Weekly10 check-in (by the responsible person or team manager). The progress of the OKR will be calculated on an evenly weighted basis from the Key Result progress as a %. As always, OKRs should be stretch targets and hitting 70% is deemed as success.
Editing Team level OKRs
OKRs can be edited at any point by the manager by selecting the ‘Context’ menu on the right side of the screen. An audit trail is maintained.
Updating Team level OKRS
The manager will be asked to update the progress of KRs during their regular Weekly10 check-in. The progress of the OKR can also be updated from the OKR screen by selecting ‘Update OKR’ from the ‘Context’ menu.
Completing or archiving OKRs
The manager can archive (or complete) an OKR from the ‘Context’ menu at any time. This will mean no further updates of the OKR will be recorded.
View OKR progress
You can view the progress of an OKR at any point by clicking on the progress circle or from the ‘Context’ menu by clicking on ‘View Progress’. This will display a progress chart and breakdown of each update provided against the Key Results.