OKRs (Objectives and Key Results) are common notions used in most IT organizations and other businesses that focus on tracking individual and team performance outcomes. There are some other definitions of OKRs, explaining their benefits and values.
Olena Kovalova, senior delivery manager at Exadel says that “OKRs are created as hypotheses made by separate teams or departments aligned to the company’s goals. Given the public, transparent objectives, each team member becomes a part of the global mission and can better align their commitments and efforts toward the company’s needs and values. Within the cross-department objectives, OKRs improve collaboration between departments and reduce the number of competitive initiatives.”
Read this article featuring other experts’ insights on OKR’s definition, see what are good OKRs for IT, what is the difference between OKRs and KPIs and check some examples of OKRs relevant to IT.