3 OKR examples for Project Portfolio
What are Project Portfolio OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We've tailored a list of OKRs examples for Project Portfolio to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read more about the OKR meaning online.
Best practices for managing your Project Portfolio OKRs
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to the weekly check-ins
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples below). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Building your own Project Portfolio 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
Best way to track your Project Portfolio OKRs
Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
Project Portfolio OKRs templates
We've covered most of the things that you need to know about setting good OKRs and tracking them effectively. It's now time to give you a series of templates that you can use for inspiration!
You'll find below a list of Objectives and Key Results templates for Project Portfolio. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
OKRs to enhance cloud architecture expertise and expand project portfolio
- Enhance cloud architecture expertise and expand project portfolio
- Obtain advanced certification in cloud architecture
- Schedule and take the cloud architecture certification exam
- Enroll in study courses or training programs for the certification
- Research potential certifications in cloud architecture and their requirements
- Lead training sessions on cloud architecture best practices for team members
- Schedule regular training sessions for team members
- Identify topics and develop training curriculum on cloud architecture
- Evaluate team members' understanding post-training
- Successfully implement five cloud solutions for clients
- Monitor and adjust strategies for optimal performance
- Identify suitable cloud solutions for client's specific needs
- Develop custom implementation strategies for each client
OKRs to implement a cost-effective solution for portfolio tracking
- Implement a cost-effective solution for portfolio tracking
- Successfully integrate chosen solution into current system with 100% functionality by week 12
- Develop an integration plan and timeline to implement the solution
- Test and debug solution for 100% functionality by week 12
- Evaluate suitability and functionality of chosen solution with the current system
- Trial selected solutions and choose most efficient by week 10
- Evaluate each solution's efficiency weekly
- Implement chosen solutions for a trial period
- Choose the most productive solution by week 10
- Research and identify 3 cost-effective portfolio tracking solutions by week 6
- Research affordable portfolio tracking services
- Compile and analyze top 3 options
- Outline key features needed in portfolio tracking solutions
OKRs to develop proficiency in TypeScript
- Develop proficiency in TypeScript
- Participate in a minimum of three collaborative projects involving TypeScript, showcasing effective teamwork and contributions
- Contribute effectively to the TypeScript projects by sharing ideas and working collaboratively
- Communicate and request to participate in the identified projects
- Showcasing the completed projects to highlight the effective teamwork and individual contributions
- Identify three collaborative projects involving TypeScript
- Write TypeScript code for at least two personal coding projects, covering different areas of application
- Plan and brainstorm ideas for two personal coding projects
- Write TypeScript code for the first coding project, covering its designated area
- Write TypeScript code for the second coding project, covering its designated area
- Research and choose different areas of application for each coding project
- Create a portfolio showcasing TypeScript projects with detailed explanations, attracting positive feedback from peers or potential employers
- Share the portfolio with peers and potential employers through online platforms or personal networking
- Provide detailed explanations and documentation for each project, highlighting their purpose and technical details
- Identify a diverse range of TypeScript projects to include in the portfolio
- Actively seek feedback from peers and potential employers to continuously improve the portfolio
- Complete an online TypeScript course and pass all assessments with a score of 90% or above
- Take all assessments seriously, review all material thoroughly, and aim for a score of 90% or above
- Research and choose a reputable online TypeScript course that covers all necessary topics
- Engage in active learning by practicing coding exercises and seeking clarification when needed
- Create a study schedule with dedicated time slots and milestones for completing each module
More Project Portfolio OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance the quality standards of our product portfolio OKRs to generate quality leads via data mining OKRs to drive Business Expansion in Saudi Arabia's school sector OKRs to improve EV Program outcomes through competitive and strategic data analysis OKRs to improve your writing skills OKRs to boost team engagement and cultivate a positive work environment
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