Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Asset Management Team OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Asset Management Team to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Asset Management Team OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Asset Management Team OKRs examples
We've added many examples of Asset Management Team Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to implement ISO 55000 asset management standards
ObjectiveImplement ISO 55000 asset management standards
KRTrain 90% of the asset management staff on ISO 55000 standards
Start monitoring the progress of the training- Identify suitable ISO 55000 training providers
- Schedule training sessions for asset management staff
- KRAudit and revise 100% of existing asset management processes to align with ISO 55000
- Review all current asset management procedures
- Implement necessary revisions to align with ISO 55000
- Identify areas non-compliant with ISO 55000
- KRAchieve ISO 55000 certification through an accredited external auditor's assessment
- Develop an Asset Management System aligning with ISO 55000 standards
- Schedule an assessment with an accredited ISO auditor
- Train staff on ISO 55000 compliance and procedures
OKRs to improve effectiveness in asset tagging across all devices
- ObjectiveImprove effectiveness in asset tagging across all devices
- KRIncrease inventory accuracy by 20% through efficient asset tagging
- Conduct regular inventory audits for accuracy checks
- Implement barcode system for real-time tracking of inventory
- Train staff on proper asset tagging procedures
- KREliminate 15% of asset misplacements through implementing effective tagging technology
- Research and select advanced tagging technology
- Evaluate current asset management and identify loopholes
- Implement chosen tagging technology across all assets
- KRTrain 90% of team members on latest asset tagging techniques by end of quarter
- Monitor and document training participation and completion rates
- Identify suitable training resources on latest asset tagging techniques
- Schedule mandatory training sessions for team members
OKRs to enhance efficiency and uniformity in IT asset management processes
- ObjectiveEnhance efficiency and uniformity in IT asset management processes
- KRIncrease process automation to decrease manual intervention by 35%
- Implement appropriate automation software to streamline processes
- Identify repetitive tasks that are suitable for automation
- Train staff on new automation tools for transitional efficiency
- KRReduce process variability by achieving 90% adherence to structured workflows
- Monitor and measure workflow adherence regularly
- Identify the key steps in your current workflows
- Provide training on structured workflows to staff
- KRTrain 100% of the Asset Management team on new standardized process protocols
- Develop comprehensive training material on new process protocols
- Validate training effectiveness through assessments
- Schedule and conduct training sessions for the team
OKRs to ensure all company devices are asset tagged
- ObjectiveEnsure all company devices are asset tagged
- KRSuccessfully tag and update database with 100% of company devices by week 12
- Apply tags and update the database by week 12
- Develop an efficient and uniform tagging system by week 10
- Compile a complete list of all company devices by week 8
- KRProcure quality asset tags for 100% of identified devices by week 8
- Identify and tally all devices that need asset tags
- Research and select high-quality asset tags
- Purchase and assign asset tags to each device
- KRIdentify and categorize all company-owned devices by end of week 4
- Compile a list of all company-owned devices
- Verify and finalize list by end of week 4
- Categorize devices based on type and function
OKRs to implement comprehensive and precise asset registry
- ObjectiveImplement comprehensive and precise asset registry
- KRValidate the condition and value of 80% of logged assets
- Perform detailed inspections of selected assets
- Identify and list 80% of all logged assets
- Document their current conditions and values
- KRIdentify and document 100% of business assets in registry
- Review, verify, and document assets in the registry
- Identify, categorize, and list all business assets
- Create a standardized template for asset registry
- KRTrain 75% of staff on using and updating the asset register accurately
- Identify staff members unfamiliar with asset register
- Organize training sessions on asset register management
- Test and confirm staff's understanding post-training
OKRs to enhance asset traceability and auditing efficiency in all clubs
- ObjectiveEnhance asset traceability and auditing efficiency in all clubs
- KRAchieve 25% reduction in asset tracking discrepancies
- Conduct frequent audits of current asset records
- Implement a comprehensive digital asset management system
- Regularly train personnel on correct asset logging procedures
- KRConduct quarterly audits in each club to improve compliance rate by 30%
- Establish a comprehensive audit checklist for all club activities
- Implement a system to analyze and track compliance rates
- Train a designated team for conducting regular audits
- KRImplement digital asset tracking system in 100% of clubs
- Train club members in using the selected system
- Research various digital asset tracking systems
- Select the most suitable system for all clubs
OKRs to consolidate all media asset management systems
- ObjectiveConsolidate all media asset management systems
- KRIdentify and document key features of current systems by end of week 2
- Review existing systems to identify key features
- Complete documentation by end of week 2
- Compile feature specifications in a comprehensive document
- KRCreate a unified prototype with essential features of all systems by week 6
- Identify essential features from each system by week 2
- Finalize and test prototype by week 6
- Design unified prototype by week 4
- KRImplement the unified system across all departments, achieving 90% employee adoption by week 12
- Roll out staff-wide system training and education workshops
- Monitor weekly adoption rates and address issues
- Train all department heads on the unified system usage
OKRs to enhance efficiency of the media asset management system
- ObjectiveEnhance efficiency of the media asset management system
- KRDecrease average time spent on finding assets by 25% with improved search functionalities
- Train staff on efficient asset discovery strategies
- Implement advanced search options for more precise filtering
- Offer predictive search suggestions to speed up process
- KRLower system downtime to less than 0.5% by implementing proactive maintenance processes
- Implement a reliable system monitoring tool
- Establish a routine schedule for system maintenance checks
- Train staff on proactive maintenance techniques
- KRIncrease system's responsiveness by 30% through performance tuning and debugging
- Debug and fine-tune systems to increase responsiveness promptly
- Identify current system's performance bottlenecks through rigorous testing
- Develop optimization strategies for code execution and data processing
OKRs to improve the efficiency and accuracy of fixed assets management
- ObjectiveImprove the efficiency and accuracy of fixed assets management
- KRImplement a new asset management software system to reduce errors by 20%
- Organize staff training on the new software
- Select an advanced asset management software system
- Launch and monitor the software system
- KRTrain 100% of our asset management team on the new software system
- Ensure all team members attend the training
- Schedule required training sessions for asset management team
- Monitor and evaluate team's software proficiency post-training
- KRAchieve a 15% reduction in time spent on asset tracking and reporting
- Implement automated tracking and reporting software for assets
- Streamline existing tracking and reporting processes
- Train employees on efficient tracking methods
OKRs to streamline hardware inventory and implement asset tagging system
- ObjectiveStreamline hardware inventory and implement asset tagging system
- KRCatalogue and organize 100% of the current hardware inventory
- Systematize hardware details using an inventory management system
- List all existing hardware assets in inventory
- Categorize hardware based on type or function
- KRDevelop a functional asset tagging system for owned devices
- Implement asset tags on each owned device
- Identify all owned devices for cataloguing and tracking
- Create a unique identification system for asset tags
- KRApply asset tags to 100% of owned devices successfully
- Designate an individual to oversee the tagging process
- Purchase durable, high-quality asset tags for all owned devices
- Conduct an audit to ensure that all devices are tagged
Asset Management Team OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated Asset Management Team OKR dashboards
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Spreadsheets are enough to get started. Then, once you need to scale you can use Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Asset Management Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to strengthen network security through enhanced logging capabilities
- OKRs to master decoding CVVC and two-syllable words
- OKRs to boost monthly revenue
- OKRs to enhance corporate effectiveness, culture, and performance
- OKRs to achieve premier global standards in banking business internal audit
- OKRs to enhance customer loyalty and reduce churn rate