M2- Introduction to OKRs

Question 1

What does “OKR” stand for in project management?

Answer 1

Objectives and Key Results.

Question 2

What is the purpose of OKRs?

Answer 2

To define clear goals and measurable outcomes that help organizations focus efforts on what drives success.

Question 3

What does the “Objective” in OKR represent?

Answer 3

The desired result or outcome to be achieved.

Question 4

What does a “Key Result” in OKR represent?

Answer 4

The measurable outcome that determines whether the objective has been met.

Question 5

How are OKRs different from SMART goals?

Answer 5

OKRs separate the goal (objective) from its measurable outcomes (key results), while SMART goals combine both into one statement.

Question 6

Are Key Results meant to be easily attainable?

Answer 6

No, they are typically stretch goals meant to challenge the team.

Question 7

At what levels are OKRs typically set?

Answer 7

Company level, department/team level, and project level.

Question 8

How often are company-level OKRs usually updated?

Answer 8

Annually

Question 9

Why is alignment important in OKRs?

Answer 9

Project- and department-level OKRs should support broader company-level OKRs to maintain focus and consistency.

Question 10

What role do project-level OKRs play during the project lifecycle?

Answer 10

They are defined in the initiation phase and tracked during planning and execution to measure project success.