Key Result (KR)
A Key Result (KR) is a measurable outcome that indicates progress towards achieving a specific objective. It is a way to track and evaluate the success of a project or initiative.
Key Results are typically set as part of a larger goal-setting framework, such as Objectives and Key Results (OKRs). OKRs help teams align their efforts towards common goals and provide a way to measure progress and success.
When setting Key Results, it is important to ensure they are specific, measurable, achievable, relevant, and time-bound (SMART). This ensures that the KR is meaningful and provides a clear indication of progress towards the objective.
Key Results should be tracked regularly and reviewed periodically to ensure that progress is being made towards the objective. If progress is not being made, it may be necessary to adjust the Key Results or the approach being taken to achieve the objective.
It is important to note that Key Results are not the same as tasks or activities. They are outcomes that indicate progress towards achieving the objective. Tasks and activities are the actions taken to achieve the Key Results.
In summary, a Key Result is a measurable outcome that indicates progress towards achieving a specific objective. It is an important tool for tracking and evaluating the success of a project or initiative and should be set as part of a larger goal-setting framework. When setting Key Results, it is important to ensure they are SMART and to track and review progress regularly.