Weightage 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 weightages
Read Weightage to understand how to define them in one of the below given ways.
In the range of 0-10
In this case, the weightage can be defined in the range of 0-10. 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 KR weightage
Objective A has there are 4 key results with no alignments
The KRs within objectives have weightage values - 3, 5, 7, 10
When the first KR with weightage 3 is 100% complete it will impact parent objective progress by 12%
Calculations - 3*100/(3+5+7+10) = 12%
Whereas the fourth KR that has a weightage 10, its 100% progress will impact by 40%
Calculations -10*100/(3+5+7+10) = 40%.
Example of an objective alignment weightage
Same logic is followed for alignment weightage, for example -
There are 4 KRs with above KR weightages & 2 objective alignments. When the first child/contributing objective with weightage of 5 has 100%, it will impact parent objective progress by 14.70%
Calculations - 5*100/(3+5+7+10+5+4) = 14.70%
Whereas the 2nd objective alignment with 4 weightage that has 50% progress will impact by 05.88%
Calculations - 4*100/(3+5+7+10+5+4) = 05.88%.
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 weightage
Let‘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'.