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ConceptWeightage refers to the relative importance or value assigned to Key Results (KRs)/Objective alignments. It indicates the degree of influence or significance that a particular KRs/Alignments hold in relation to an objective. In various contexts, such as grading, evaluations, or resource allocations, weightage helps in prioritizing and allocating resources or scores based on their perceived importance. It's a way to quantitatively express the relative impact of different components in a given situation. Thus if there is only one KR with a weightage value 10, it is going to have the same impact even if its weightage is updated to anything more than 0. 0 is a special case of weightage - when set, it doesn't impact the objective progress at all. Ways to define weightagesRead Weightage to understand how to define them in one of the below given ways. Weighate calculationOne objective can have multiple contributing KRs and objective alignments and each of them will have some weight. These weights will accordingly impact with respect to the progress of their progress %. For eg. In the range of 0-10In this case, the weightage can be defined in the range of 0-10below image there are three KRs and each KRs weight is defined and so the impact. Image AddedHere, impact is calculation formula is (weight of the KR/sum of all weights of KRs )*100 25/80*100 = 31.25 Which means if the first KR - UP-142 is 100% completed, its impact on the objective progress will be 31.25%. KR Weightage impactNow that we have understood the impact calculation, let’s understand how this impact is calculated toward the objective progress too. The formula of the progress calculation will be as below - Current KR progress*KRs weight/(sum of all KRs and alignments in the given objective) Example of a KRweightageprogress impact
KR and objective alignment weightageSameThe same logic as above is followed for objective alignment weightage. In the image below notice, along with above KRs there are two objective alignements now. Since the new contributing elements are added, for example - There are 4weighs of all KRs are also adjusted accordingly. Now the impact is calculated considering all the weights and there some. i.e. (weight of the KR/sum of all weights of KR and objective alignments)*100 for eg. 1st alignment has weighate of 10 - (10/110)*100 = 9.09%as shown in the below image. Image AddedExample of an objective alignment progress impact
In the range of 0% to 100%In this way, the weightage can be defined in % that is 0-100. The formula of the progress calculation will be as below- (Current weightage of KR / sum of weightage of all KRs and/or contributing objectives)*100 Example of a KR weightageLet‘s say a Manager has the following set of KRs, with respective importance weights in % - KR A – 45% KR B – 35% KR C – 20% Total portfolio is 100% How can this Manager view his total portfolio achievement, with respect to the mentioned weights? When KR is 100 There is one more goal called 'Portfolio of Achievement', which receives contribution from all of the above goals. When each goal makes progress, they will contribute to the parent objectivebased on the weightages. Here when Goal C is at 100%, its contribution is exactly 20% towards 'Portfolio of Achievement'.
Displaying weighates in numbers or percentageNow depending on the requirement, few organisations may want to show weightage in % and few may want to show them just as numbers. Both options are available in UpRaise. This depends on how the configuration of the weightage is done by UpRaise admins. Read Weightage. |
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