Do you want to implement the OKR methodology in your company? Would you like to have software that allows everyone in the organization to visualize the business objectives, the key results needed to achieve those objectives and the progress towards them? Triskell Software is the most flexible PPM tool on the market, which will allow you to implement OKRs in your company from a single interface. Do you want to know how? Read on and discover how Triskell can help you to implement OKRs in your organization.
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One of the main consequences of the digital transformation process that all companies are facing in the last decade is the need to deliver products and services to the market in an agile way, providing value to customers and users. To achieve this, it is essential that all members and teams of the organization walk in the same direction, pursuing common objectives and promoting collaborative work in order to obtain the desired results.
The OKR methodology (Objectives and Key Results), used by prestigious companies such as Google, Intel or Spotify, allows, in a simple and structured way, to align all the teams and people in the organization towards the achievement of a series of common objectives. These objectives are measurable through some indicators called 'Key Results', which allow monitoring whether or not the proposed objectives are being achieved.
In the OKR methodology, the objectives must have a series of key results associated with them that make it possible to assess whether they are being achieved. In other words, while the objectives define the goal towards where the company wants to go, the key results serve to define how the objectives will be achieved, which indicators will be taken as a reference to indicate whether or not it is close to achieving that objective. In addition, each Key Result is accompanied by a series of actions, projects, deliverables, etc., that will facilitate the achievement of that key result.
The objectives set in OKR are annual, although it is recommended that they be reviewed every 3 or 6 months, depending on the progress indicated by each of the Key Results. They can be adjusted or redefined in case the established objective is unambitious or, on the contrary, unattainable. On the other hand, each objective must include at least three "Key Results", and each Key Result will be associated with a series of initiatives.
The following infographic shows in a visual way how objectives, key results and actions are linked in the OKR methodology for an IT team:
In most cases, the objectives to be set will be annual. However, they should be reviewed periodically, preferably every three months, so that you can have a clear view of the progress of the key results and whether or not you are on track to achieve the objectives.
Each employee must rate the objectives and key results on a scale from 0 to 1, with three scales to be taken into account:
More and more companies are adhering to the OKR methodology. Whether they are more classic technology companies like Google, Linkedin and Intel, or more growing creations like Spotify and Cabify, the truth is that the methodology is so flexible that it adapts to almost any company and field.
The advantages of OKRs are endless, but they can be summarized in 5 points:
Now that you know what OKR is and all the advantages of this methodology, surely you are already thinking about how to implement it in your organization, right?
However, traditional tools such as the Office package, e-mail or instant messaging applications such as Skype or Teams, or the classic pyramidal communication formulas (annual performance reports, appraisals, etc.), in which managers communicate to their respective employees whether they have met the objectives, are not efficient to implement a methodology whose purpose is to promote the alignment and cooperation of all the company's teams towards common objectives.
And why Triskell Software? Here are 7 reasons why Triskell is the PPM software that will take the implementation of OKRs in your organization to the highest level.
Most companies fail to meet the objectives they have set. In most cases, this is due to the fact that, when it comes to executing the strategy that has been designed, the teams and people involved in that execution lose focus on the organization's objectives.
This may be because there has been no effective communication of these objectives, because working in silos is still widespread within the organization, or also because, when it comes to implementing the strategy, changes and unforeseen events of all kinds may arise and the previously established strategic planning may be set aside.
For organizations to be successful in meeting objectives, it is essential to be able to connect strategic planning with the execution of the initiatives that will help achieve the objectives. And Triskell Software is a flexible tool that allows to align, from a single platform, the organization's strategy with its execution.
When it comes to achieving the strategic objectives of the organization, its correct execution is essential, with relevant actions and initiatives for each of the key results defined to achieve those objectives. Each of the initiatives that are implemented must be relevant to one of the key results that have been established, and contribute to the achievement, first of all, of that key result, in order to achieve the organization's objectives.
With Triskell Software you will be able to link each of these initiatives (products, services, campaigns, actions, deliverables, tasks, etc.) with the Key Results, and also with the objectives, thus obtaining a global vision of how the plan is being executed, being able to monitor the progress of each of the key results.
An organization without defined processes in its operations, or with certain work areas or people who do not adhere to them, is doomed to fail when it comes to achieving the objectives. It is essential to be able to define clear processes that, at the same time, can be optimized for each of the operations carried out in the organization.
In this sense, Triskell offers the possibility to configure, in a very intuitive and flexible way, workflows and lifecycles for each of the initiatives, projects or products your organization is working on. In this way, it ensures that all the people and teams involved in the OKRs are aligned with the status of the processes to be followed for each of the initiatives.
When it comes to the execution of the strategy, teams and organizations often have to deal with unforeseen events that involve reallocating resources or reprioritizing some of the initiatives. It is in these decisions when the people involved in the initiatives lose focus on the objectives and, therefore, the desired goals are not achieved.
Thanks to Triskell's smart data analysis, any decision-making that has to be made during the execution of the strategy will be based on data and verifiable evidence in real-time, reducing errors when making decisions such as reallocating resources, readjusting budgets or reprioritizing certain initiatives.
OKRs require active collaboration between the different work areas of the organization to achieve the objectives. Thanks to Triskell Software, you will have a series of collaborative tools with which team members can communicate in real-time and share relevant documentation and information so that everyone is informed of progress.
For example, in Triskell you can add comments and share files in each of the deliverables your team is working on, being able to configure from the same interface an alert system with which all team members are informed and can communicate possible updates in progress.
In Triskell Software you have several views with which you can visualize Objectives, Key Results initiatives, etc... and obtain relevant information about the status, assigned resources, costs and delivery times in real-time.
The Kanban view will allow you to check and manage, in an agile and visual way, the status of each initiative and its respective workflow. Kanban provides an overview of the status of each initiative, facilitating decision-making and prioritization of tasks and resources. The Kanban view is really easy to use in Triskell. You can filter, sort and change status and values just by moving the cards from one column to another.
Triskell also has Masterplan and Roadmap views. The Masterplan view displays the initiatives and their connections chronologically, which is helpful in identifying and unifying your short and long-term vision, as well as facilitating the prioritization of initiatives or being able to consult their progress.
However, the Roadmap view provides an overview of the initiatives that are being carried out to achieve the organization's objectives, allowing you to understand the priority of each of them and the order in which they should be followed.
Accurate data analysis and interpretation are key for organizations to achieve their goals. In this sense, having tools that allow the design of dashboards adapted to the needs of the organization is essential to understand how the strategy is being executed.
Triskell Software has dashboards in table format with which users can consult all the information in real-time. You can filter, sort and group the information to consult the relevant KPIs of your business to achieve your Objectives and Key Results.
With Triskell you will also be able to automatically aggregate all your KPIs, linking them to each of your Strategic Objectives and Initiatives in order to monitor and share the execution of your business strategy.
Triskell Software is the tool you need to successfully implement OKRs in your organization. Fill in your details in the form below and you will have access to a demo, with which you can test all the features of the most flexible PPM tool on the market.
Triskell Software is the tool you need to successfully implement OKRs in your organization. Request a demo.