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What are Minimum Viable Product (mvp) 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.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Minimum Viable Product (mvp) to assist you. Feel free to explore the templates below for inspiration in setting 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 Minimum Viable Product (mvp) 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
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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.
Minimum Viable Product (mvp) OKRs examples
We've added many examples of Minimum Viable Product (mvp) 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 build and launch our minimum viable product (MVP)
ObjectiveBuild and launch our minimum viable product (MVP)
KRSecure MVP launch with 100% of targeted early adopters signed up
Implement sign-up mechanism and secure all early adopter registrations
Develop a marketing strategy focused on targeted early adopters for the MVP
Finalize MVP, ensuring it meets the needs of the targeted early adopters
KRComplete MVP development by achieving 100% of assigned programming tasks
Prioritize and organize assigned programming tasks by their complexity
Devote dedicated daily hours to working on these assigned tasks
Regularly review and test code to ensure quality and functionality
KRConduct 3 iterative tests for MVP targeting 100% bug resolution
Execute three iterative tests of MVP
Analyze testing data, identify and resolve all bugs
Develop test plan for MVP with goals of identifying bugs
OKRs to successfully launch challenge MVP (Minimum Viable Product)
ObjectiveSuccessfully launch challenge MVP (Minimum Viable Product)
KRDevelop functional prototype of the MVP by engaging tech team
Assign tasks to tech team for prototype development
Define MVP specifications and requirements with relevant teams
Regularly supervise and adjust prototype progress
KRValidate MVP through feedback from 100 beta users
Distribute MVP to these users and gather the feedback
Identify and recruit 100 potential beta users for testing
Analyze and implement suggestions from user feedback
KRAchieve 70% user satisfaction rate post MVP launch
Continuously improve product based on user feedback
Enhance user support and engagement systems
Implement customer feedback surveys post-launch
OKRs to validate MVP's success with the target audience
ObjectiveValidate MVP's success with the target audience
KRObtain a 70% positive feedback rate from potential customers about the MVP
Engage with customers to encourage feedback submission
Develop and implement a customer feedback system for MVP
Regularly analyze feedback and make necessary improvements
KRConduct 50 customer interviews to assess their interest in our MVP
Conduct the customer interviews
Create a questionnaire to assess MVP interest
Identify 50 existing customers for the interview
KRIdentify and address top three riskiest assumptions via weekly product testing sessions
Determine top three riskiest assumptions
Organize weekly product testing sessions
Evaluate and mitigate identified risks
OKRs to develop a functional and user-friendly MVP
ObjectiveDevelop a functional and user-friendly MVP
KRRelease MVP to a test group and achieve more than 85% satisfaction rate
Identify and organize a comprehensive, relevant test group
Develop a fully functional MVP for the specified product
Implement feedback collection and satisfaction measurement tools
KRIdentify and prioritize the top 3 key features by interviewing 20 potential users
Conduct interviews with 20 potential users
Prepare interview questions targeting potential key features
Analyze responses to determine top 3 features
KRSecure commitment from a technical developer or agency for MVP development
Finalize and sign official commitment agreement
Present project details and expectations to potential developer
Identify potential technical developers or agencies
Minimum Viable Product (mvp) 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
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
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
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
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 OKR dashboards
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Your quarterly OKRs should be tracked weekly if you want to get all the benefits of the OKRs framework. 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to 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 Minimum Viable Product (mvp) OKR templates
We have more templates to help you draft your team goals and OKRs.
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OKRs to enhance data analytics and automate reporting procedures
OKRs to secure funding from three new investors
OKRs to establish a precise reporting process for Lee
OKRs to build a comprehensive new customer CRM database
OKRs to implement versatile deployment strategies for K8's users