5 OKR examples for Asset Management
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Asset Management to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read more about the OKR meaning online.
Best practices for OKR
Your objectives should be ambitious, but achievable. Your key results should be measurable and time-bound. It can also be helfpul to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Building your own OKRs with AI
While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.
- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives – including a GPT-4 powered goal generator
How to track OKRs
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework.
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKRs-tracking tool for it.
We recommend Tability for an easy way to set and track OKRs with your team.
Check out the 5 best OKR tracking templates to find the best way to monitor progress during the quarter.
Asset Management OKRs templates
You'll find below a list of Objectives and Key Results for Asset Management.
OKRs to improve effectiveness in asset tagging across all devices
Improve effectiveness in asset tagging across all devices
Increase inventory accuracy by 20% through efficient asset tagging
Conduct regular inventory audits for accuracy checks- Implement barcode system for real-time tracking of inventory
- Train staff on proper asset tagging procedures
- Eliminate 15% of asset misplacements through implementing effective tagging technology
- Research and select advanced tagging technology
- Evaluate current asset management and identify loopholes
- Implement chosen tagging technology across all assets
- Train 90% of team members on latest asset tagging techniques by end of quarter
- Monitor and document training participation and completion rates
- Identify suitable training resources on latest asset tagging techniques
- Schedule mandatory training sessions for team members
OKRs to ensure all company devices are asset tagged
- Ensure all company devices are asset tagged
- Successfully tag and update database with 100% of company devices by week 12
- Apply tags and update the database by week 12
- Develop an efficient and uniform tagging system by week 10
- Compile a complete list of all company devices by week 8
- Procure quality asset tags for 100% of identified devices by week 8
- Identify and tally all devices that need asset tags
- Research and select high-quality asset tags
- Purchase and assign asset tags to each device
- Identify and categorize all company-owned devices by end of week 4
- Compile a list of all company-owned devices
- Verify and finalize list by end of week 4
- Categorize devices based on type and function
OKRs to streamline hardware inventory and implement asset tagging system
- Streamline hardware inventory and implement asset tagging system
- Catalogue and organize 100% of the current hardware inventory
- Systematize hardware details using an inventory management system
- List all existing hardware assets in inventory
- Categorize hardware based on type or function
- Develop a functional asset tagging system for owned devices
- Implement asset tags on each owned device
- Identify all owned devices for cataloguing and tracking
- Create a unique identification system for asset tags
- Apply asset tags to 100% of owned devices successfully
- Designate an individual to oversee the tagging process
- Purchase durable, high-quality asset tags for all owned devices
- Conduct an audit to ensure that all devices are tagged
OKRs to financial asset management
- Improve the value and efficiency of our financial asset management processes
- Increase overall financial performance by 80%\
- Increase the value of our financial assets by 25%
- Reduce the time spent on financial asset management tasks by 50%
- Improve the organization's ability to make informed financial decisions by 95%
OKRs to simplify API architecture and retire outdated assets
- Simplify API architecture and retire outdated assets
- Merge 6 old APIs into 2 new APIs with full functionality and compatibility
- Decommission old assets and ensure all endpoints are no longer utilized or maintained
- Notify relevant stakeholders regarding the decommissioning plan and timeline
- Execute the proper disposal or repurposing of the decommissioned assets
- Conduct a final audit to confirm that all endpoints are no longer in use
- Identify and inventory all old assets within the organization
- Reduce system response time by 20% and improve overall API performance
- Successfully migrate all existing data and functionalities without any loss or interruptions
- Continuously monitor and test migrated data and functionalities for any potential issues
- Develop a comprehensive migration plan detailing step-by-step procedures and timelines
- Execute data migration process meticulously, ensuring accuracy and completeness
- Conduct a thorough analysis to identify all existing data and functionalities
More OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to triple our website traffic
- OKRs to develop a scalable architecture for a video streaming platform
- OKRs to improve office efficiency and organization
- OKRs to improve organizational DevOps practices with DORA
- OKRs to improve communication by ensuring quarterly check-in with performance manager
- OKRs to enhance Developer Quality
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: Complete 2024 OKR cheat sheet
- Blog posts: ODT Blog
- Success metrics: KPIs examples