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tability.ioWhat are Asset Manager 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 Manager 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.
Asset Manager OKRs examples
You'll find below a list of Objectives and Key Results templates for Asset Manager. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
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 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 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 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
OKRs to boost Digital Assets utilization within Waste Warriors
- ObjectiveBoost Digital Assets utilization within Waste Warriors
- KRAchieve 30% increase in weekly logins to our Digital Assets platform
- Launch a reward program for frequent logins
- Implement a weekly newsletter highlighting new platform features
- Conduct user outreach to promote login benefits
- KRImprove user satisfaction score for Digital Assets to 85%
- Increase customer support responsiveness on digital platforms
- Integrate user feedback in digital asset enhancements
- Implement regular usability testing for digital assets
- KRTrain 80% of Waste Warriors staff on effective usage of Digital Assets
- Identify training needs of Waste Warriors staff regarding digital assets
- Schedule and conduct training for eligible staff members
- Develop a training program focused on effective digital asset usage
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 successfully launch the asset managers unit trust business
- ObjectiveSuccessfully launch the asset managers unit trust business
- KROnboard 3 seasoned unit trust portfolio managers by Week 12
- Schedule interview and assessment process by Week 8
- Identify suitable candidates for unit trust portfolio manager role
- Complete hiring and orientation by Week 12
- KRAcquire initial capital commitments from 5 strategic partners by Week 9
- Identify potential strategic partners for initial capital commitments
- Schedule and conduct pitch meetings before Week 9
- Develop a compelling pitch targeting these strategic partners
- KRDevelop comprehensive, SEC-compliant business plan for unit trust operation by Week 6
OKRs to boost asset growth from new and existing customers
- ObjectiveBoost asset growth from new and existing customers
- KRIncrease new customer along with asset acquisition by 30%
- Streamline onboarding process to increase customer retention
- Implement targeted marketing campaigns to attract new customers
- Promote special offers and incentives for large asset acquisition
- KRReduce asset churn rate to less than 5%
- Enhance customer engagement to foster loyalty
- Implement strategies to improve asset longevity
- Identify key causes for high asset churn rate
- KRImprove existing customer assets growth by 40%
- Enhance brand loyalty program to encourage more purchases
- Improve customer service and relationship management
- Implement cross-selling strategies to promote additional products
OKRs to develop an extensive asset library for product and merchandise designs
- ObjectiveDevelop an extensive asset library for product and merchandise designs
- KRCreate 50 inventive and digitally-rendered merchandise design templates
- Sketch these designs into draft templates
- Brainstorm 50 unique ideas for digital merchandise designs
- Digitally render final drafts using graphic design software
- KRObtain and digitize 200 unique high-quality product images for the asset library
- Source high-quality images of the listed products
- Digitize and upload images to asset library
- Identify and compile list of 200 unique products for digitization
- KROrganize and categorize all images and designs efficiently in the asset library
- Create categories based on content, style, or project
- Input items into the asset library under respective categories
- Gather all digital and physical images and designs
How to write your own Asset Manager OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability 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.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Asset Manager 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
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
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.
How to track your Asset Manager OKRs
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 a proper OKR platform to make things easier.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Asset Manager OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to launch a high-performing ecommerce dashboard for the UK market
- OKRs to boost HR effectiveness in facilitating organization and people growth
- OKRs to boost sales to achieve profitable standing
- OKRs to implement uniform warehouse improvement program across all facilities
- OKRs to enhance project profitability and delivery efficiency
- OKRs to improve payroll processing