OKRs
OKRs (Objectives and Key Results), is a goal-setting framework used to define clear, measurable objectives and the specific, quantifiable results needed to achieve them. Objectives set the direction, while Key Results provide specific milestones to track progress. This method helps teams and organizations focus, align, and measure their efforts towards achieving common goals.
https://upraise.io/objectives-key-results-okr/what-are-okrs/
Objectives
An objective is a specific and measurable goal that defines what needs to be achieved. It provides a clear direction and purpose for efforts and serves as a benchmark for evaluating progress and success. In various contexts, objectives can be set for individuals, teams, projects, or organizations, and they are typically designed to guide actions toward a desired outcome
Key Results
Key Results (KRs) are specific, measurable, and quantifiable milestones towards achieving an objective. They provide a clear and concrete way to track progress and determine if an objective has been met. Key Results help in assessing and measuring the success or effectiveness of efforts directed towards a particular goal. They are typically numerical or data-driven, providing a tangible way to evaluate performance and outcomes.
Punch-ins
Punch in is an action through which an objective or key result makes progress. When there are no key results & contributing objectives for an objective, it can be punched indirectly. Whereas if there are key results and/or contributing objectives the objective's progress is linked with their progress & cannot be independently updated (unless all linkages carry 0 weightage).
Alignment
Alignment links different objectives with each other. This linking creates a hierarchy. Based on the weightage of these alignments, whether one objective progress has an impact on the other is determined.
Usual alignment flows from top-bottom or bottom-up linking Company, Department, Sub-Department, Team, Individual objectives.
Weightage
Weightage is a number associated with a link (either key result/objective or an objective/objective). It determines the magnitude of impact the association is going to have on the progress of objective that is at a higher level.
For example, if Objective B is contributing to Objective A and weightage of this alignment is 0 - in that case the progress on Objective B wouldn't impact progress on Objective A.
Grading
On reaching due date, objectives & key results become eligible to be graded. Grading gives you the ability to rate efforts on a specific objective/key result. OKR framework suggests that a grade/assessment at the objective level should be an average of grades on all associated key results.
Labels
UpRaise allows associating multiple labels against each of the objectives. The purpose of objective labels is to allow classification of objectives into multiple different categories. This lets teams analyze progress and overall effort based on various categories.
For example, stretch & operational labels can help companies categorize objectives according to their nature. Note that one objective can be associated with one or more labels.