OKR – Framework to set and Track Goals and Measure Progress

OKR stands for Objectives and Key Results. It is a framework used by organizations to set and track goals and measure their progress. OKRs are typically used to align teams and individuals with a common set of objectives and to ensure that everyone is working towards the same goals. Here's a breakdown of the components of OKRs:

1. Objectives: Objectives are the overarchinpg, high-level goals that an organization, team, or individual aims to achieve. They are typically qualitative and aspirational and should be concise, specific, and inspirational.
2. Key Results: Key Results are the measurable outcomes or specific milestones that indicate whether an objective has been achieved. Key Results should be quantifiable, time-bound, and actionable. They provide a way to measure progress and success.

The OKR framework is designed to encourage transparency, alignment, and focus within an organization. Objectives should be ambitious but achievable, and key results should be specific and measurable. The key results are typically graded on a scale, such as 0-1.0, to provide a clear indication of how well the objective has been met.

OKRs are typically set for a specific time period, often quarterly, and they should be reviewed and adjusted as needed to stay relevant and aligned with changing priorities. The framework was popularized by companies like Google and has since been adopted by many other organizations as a way to set and achieve goals in a more systematic and results-oriented manner.