So, you’ve set your OKRs, you’re happy with them. Now what? How do you go about tracking them? In this article, we’re going to share some insight with you into OKR progress tracking.
Once you’ve defined your OKRs, the next step is to enter them into a progress tracking tool to make sure you stay on track to achieve your organisational goals. OKR progress tracking makes it easy to visualise and track your progress. You can set and manage your business goals on a single platform and measure your activities against those goals to determine if your work is at risk, behind, or on track.
Why is OKR progress tracking important?
It’s important to track your OKR progress so that you know which teams are up to date with their goals and which ones might be falling short. By tracking your goals you can continuously motivate your teams to meet their objectives.
The different types of OKR progress tracking tools
There are a few ways you can track your OKRs. When starting out in the world of OKRs, most will start tracking their goals in spreadsheets or another manual way. When you use Excel, Google Sheets and other similar tools to track OKRs, you’ll soon learn the limitations of these manual methods. This can take a significant amount of time, it doesn’t drive much engagement and becomes a burdensome process to manage. Who has the time and energy for that?
OKRs are designed to improve cross-functional alignment, collaboration, and accountability. When managed in spreadsheets or other similar tools, they become another place for employees to check and update, as opposed to automating updates with the systems they are already using.
A lack of transparency also prevents the team from seeing where they are at in relation to reaching their goals.
Luckily, there are many OKR software options out there that are great for tracking your goals.
OKR tracking tools serve as an effective alternative to informal channels like instant messaging or comments within other tools for goal check-ins, where progress can be difficult to track and even easy to lose. When you use OKR software, you will be provided with one central location where all work is documented, employees can record progress, blocks and completion; this allows management to measure overall productivity across the organisation. You’ll also be able to see a progress tracking chart that clearly illustrates where each team is up to in terms of their OKR progress.
Here are some more benefits of using dedicated OKR progress tracking software:
- Tracks your progress towards your goals
- Shares your OKRs and strategies with your organisation
- Creates detailed reports
- Motivates the organisation
- Can create some fun with tracking progress
Whilst it is not an essential component of the OKR process, using OKR software can help you to stay organised and on track to achieving your goals.
How to integrate progress tracking software in your business
To get the most out of using an OKR progress tracking software you need to ensure company-wide buy-in. To do this, you must ensure the benefits of the software are clear to see when compared to traditional methods like spreadsheets and the like. First, you should look into the software available for your business’ size and the key components of the software. Once you have weighed up the benefits against the investment needed you can start to integrate and get teams on board. Most software providers will provide some sort of onboarding process to ensure a smooth integration – after all, they want you to get the most out of the software just as much as you do!
It’s important to have regular OKR reviews, check-ins and progress meetings, especially in the initial stages of taking the new software on board, as with most things it can take time to get used to new ways of working or tracking activities.
How can TBG help
There’s no one-size-fits-all solution when it comes to progress tracking software. Each option has its pros and cons and you’ll need to select the right option that suits your business needs.
For smaller organisations, it’s unlikely that you’ll need expensive OKR software that includes all the bells and whistles. Whereas larger, global companies may benefit from some of the integrations that come with more complex software. Get in touch with our team today to learn more about how to use goal-setting software to your advantage.