At the end of each cycle, the OKRs associated with it should close and move to the next ones set by the management.
By closing any Objective managers should have a good understanding of the outcomes of each Key result. This would provide all the necessary insights if the goals were met in full, partially or even not at all. And they should be able to answer questions such as:
- Have we achieved the outcomes we aimed for?
- What key assumptions have we collected?
- What should we revise next time?
Key result scoring is valuable because it helps in understanding the outcomes’ results during a specific cycle. And even if it is ok if the goals were not achieved it is not ok to have no insights into the reasons this occurred, which will help in setting better strategic goals next time.
Learning experience
When an organization begins implementing OKRs, the initial OKRs may not be reached until the methodology is fully integrated into the organization’s culture. As a result, achieving all of the objectives may not be as important. But for an organisation which is using OKRs for some time achieving OKRs could be essential for growth.
Although the outcomes are important in both cases, there is one component that is far more significant than numbers: it provides a learning environment in which managers may test hypotheses and diverse scenarios that could possibly uncover hidden growth patterns. As a result, it will be easier to understand what “works” and what “does not work” in the long term.
And after acquiring a learning experience of just a few cycles we can safely answer questions such as:
- Why did we achieve or did not achieve a specific Key result?
- Which assumptions were right, and which were wrong?
- Who set the initial assumptions and how can we further improve them?
- Who helped achieving an OKR and in which ways?
- How did the achieved OKRs helped the organisation?
- How did the missed OKRs affected the organisation?
- Would it make sense to set the same or similar OKRs in an upcoming cycle?
- Why did it take longer to achieve a specific Key result?
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