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We will use an example OKR to show how 'tracking progress' works.
Our example objective Objective will be to win £250,000 of investment.
Step 1: Create
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Objective
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Add the details for your
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Objective.
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In this example, the
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Objective will be to 'Win £250,000 of investment'.
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Step 2: Add
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Key Results
The four key results Key Results for this example will be:
1. Win £100,000 from angel investors.
2. Win £150,000 from seed funding.
3. Ensure all sales funnel data is up to date date.
4. Have the finalised version of the product ready.
Setting a Key Result to 'contribute to Objective progress'
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What does it mean for a Key Result to contribute to Objective progress?
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This means that the status of the
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Key Result will have a bearing on the Objective progress %.
E.g. So if you have an Objective with 4 different key resultsKey Results, and all of them contribute to Objective progress, then each one will contribute 25% to the overall progress.
E.g. If you have an Objective with 10 different key resultsKey Results, and all of them contribute to Objective progress, then each one will contribute 10% to the overall progress.
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As you can see in the image below, one of the Key Results has been marked as completed (100%), and so the progress of the Objective has been automatically updated to 25% complete.
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There are four Key Results here:
1. Ensure all sales funnel data is up to date date.
2. Have the finalised version of the product ready.
3. Win £100,000 from angel investors.
4. Win £150,000 from seed funding.
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But only two of them (no.3 Win £100k from angel investors and no.4 Win £150k from seed funding) actually mathematically contribute to the Objective (Win £250,000 of investment).
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Nonetheless, because each Key Result has been marked as "Contributing to Objective progress", each Key Result will contribute to 25% of the Objective progress.
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