Objectives and Key Results
Objectives and Key Results (OKRs) is a framework for setting and achieving goals. The one key difference between OKRs and other goal-setting frameworks is that Key Results are measurable. Andy Grove of Intel is considered the “Father of OKRs” and he believed that measuring results means there is no ambiguity around whether you or your team achieved your goals. The results are black and white.
John Doerr brought OKRs to Google in 1999 and this framework is now widely used in the tech industry among others. Doerr discusses OKRs in detail in his book Measure What Matters, and there is a template if you would like to get started with OKRs.
If your team utilizes the SMART OKRs for project management, you may be used to the acronym S.M.A.R.T.
A- Action to be taken (Task)
R- Responsible (Owner - Who accountable for it)
T- Time (When to start? When to complete?)
An epic is a chunk of work that consists of multiple user stories (or tasks) that have one common objective. A key point about SMART is that they are based on the needs of your customers and users of your product. The benefit of using SMART OKR is that a large chunk of work can be broken down into smaller tasks allows your team to deliver value faster to customers and users, and keeps the team aligned on a common objective.
As Summary: An SMART is a body of work that can be broken down into specific tasks based on the needs/requests of customers or end users. ... It's a defined body of work that is segmented into specific tasks based on the needs/requests of customers or end users.
OKRs and SMART Together
By combining the measurable aspects of OKRs with SMART, you and your team can see how close you are to completing company-wide goals and see a basic timeline of all task in one place. This template gives you a bird’s eye view of all pics and teams can quickly edit the status of a task which impacts the overall timeline. With conditional formatting, anyone team member can see the status.
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