OKR template to reduce overall IT expenditure per employee

public-lib · Published 7 months ago

Your OKR template

This OKR focuses on effectively reducing the IT spending for every employee involved in the processes of an organization. It involves decreasing hardware renewal costs by 20% which creates an opportunity to lessen expenses spent on IT hardware. The initiatives to achieve this include identifying unnecessary hardware assets, implementing strategies for maintaining the existing ones, and negotiating with vendors for better contracts.

Moreover, this OKR brings attention to the implementation of software use audits to identify possible opportunities to save 15% in costs. It takes into account understanding the key software used in the organization, analyzing the audit results to find potential cost-saving opportunities, and developing a software auditing process.

Additionally, to aid in improving IT expenditure efficacy, one objective aims to achieve a 10% reduction in IT service contractor expenses. This is planned by exploring more affordable options for IT services or considering in-house solutions that meet requirements. This further includes analyzing the current IT service contracts for cost-saving possibilities and taking steps towards negotiating new terms or cancelling high-cost contracts.

The targeted end result of this OKR is to have a significant reduction in overall IT expenditure per employee. It’s a consolidated effort that could greatly impact the allocation of a company’s resources, potentially helping them invest in other important sectors of the business.

ObjectiveReduce overall IT expenditure per employee
KRDecrease hardware renewal cost by 20%
Identify and eliminate unnecessary hardware assets
Implement preventative maintenance strategies on existing hardware
Negotiate better contracts with hardware vendors
KRImplement software use audits to identify 15% cost-saving opportunities
Identify key software used in organization operations
Analyze audit findings to identify cost-saving opportunities
Develop and implement a software auditing process
KRAchieve a 10% reduction in IT service contractor expenses
Explore cheaper alternatives or in-house solutions for IT services
Evaluate current IT service contracts for potential cost-saving opportunities
Negotify renegotiations or cancellations of costly contracts

Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale