00:00 – Introduction to Projectum
09:03 – Introduction to Objectives and Key Results in a Power PPM context
23:08 – Live demo of Power PPM
With a growing tendency of implementing Objectives and Key Results (OKRs) in organizations all around the globe, we have worked on building a set of features in Power PPM, that allows organizations to set up and manage their OKRs inside the same system for portfolios, programs, and projects. This enables the organization to stay aligned on common goals and thus optimize the efficiency of work. Power PPM is a Model-Driven Power App built for modern project and portfolio management. This platform primarily targets enterprise organizations that need to manage a large number of portfolios and projects.
What are OKR’s and why are they important in a PPM context?
OKR is an abbreviation for Objects and Key Results and can be defined as a collaborative goal-setting tool used by teams and individuals to set challenging, ambitious goals with measurable results. In practice, OKRs represent how you track progress, create alignment, and encourage engagement around measurable goals (If you want to dive even further into OKR’s we recommend reading “Measure what matters” by John Doerr).
The objective represents a clearly defined goal (concrete, action-oriented, and inspirational), while key results represent a set of specific measures (typically 3-5 key results) to track the achievement of the objective. To support your ability to reach and execute your OKRs, we typically break it further down into initiatives or projects.
If leveraged optimally, OKRs essentially help organizations structure and manage their strategic ambitions and cut project failures and sloppy use of resources. OKRs may be shared across the organization with the intention of providing teams with visibility of goals with the intention to align and focus effort.