Topic

Success from Business Objectives and Key Results (OKR)

Response

Gaining success from the adoption of Business Objectives and Key Results (OKR) technique and using it to set the priority of a portfolio or an individual agile team product backlog requires the following steps to be taken:

Highlight the differences between the value of ideas and an organisation's execution capability.
Explain how to strike a balance between internal and external factors.
Show how it promotes a transparent business value transition process.
Demonstrate how a team can adopt a data-driven prioritisation technique.
Explain how teams can efficiently adapt to changing circumstances.
Help establish the right implementation roadmap.
Enables the organisation to adopt the House of Quality technique, which ensures a consistent and transparent method for publishing and tracking performance.
Provides an opportunity for consists and regular governance process to be established.
Enables high-level strategic objectives to be cascaded down to individual agile teams to ensure consistency and aligned execution.

Motivated individuals feel empowered, in control and recognised for their work. The successful adoption of the Business Objectives and Key Results (OKR) Framework is a big contributor to forming motivated individuals. The OKR framework requires business sponsors and stakeholders to define a clear set of targets, the what, leaving the Agile Team responsible for defining the how.

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Additional information, including working examples and templates are available in the Monetical knowledge base.