FlashKeepers

Project Management · General

OKR and KPI Fundamentals

Objectives and key results and key performance indicator concepts used to track goals and project performance.

29 cards · basic cards · AI-written, checked twice. Edit anything.

Study this set free Look inside first Get FlashKeepers for iPhone
What does OKR stand for?
Objectives and Key Results
What does KPI stand for?
Key Performance Indicator
What is an Objective in the OKR framework?
A qualitative, inspirational statement of what you want to achieve
What is a Key Result in the OKR framework?
A measurable outcome that quantifies progress toward an Objective
Define a KPI.
A quantifiable metric that measures performance against a specific business goal
What is the ideal number of Key Results per Objective?
Three to five
What time period do OKRs typically cover?
A quarter or a year
How often are KPIs typically reviewed?
Monthly or continuous tracking
At what organizational level are OKRs usually set?
Strategic level, by leadership and department heads
At what organizational level are KPIs usually managed?
Operational level, by individual managers and teams
What type of language should describe an Objective?
Inspirational, qualitative, and directional
What type of language should describe a Key Result?
Measurable, specific, and numerical
What completion rate for OKRs is considered healthy?
60-70% of planned OKRs
What does consistently achieving 100% of OKRs indicate?
The OKRs were not ambitious enough
Can a KPI track performance independent of any OKR?
Yes, many KPIs measure ongoing business needs without requiring OKR alignment

14 more cards in the app