If you’re new to OKRs (Objectives and Key Results), you might wonder how to set the Key Result in OKRs.
Let’s explore the difference between qualitative Milestones and Metrics-based Key Results below.
Milestone (Qualitative) Key Results
Most professionals consider a milestone to be an important stage in a particular project or long-term goal. When a milestone has been met, it means that an employee or team has achieved a challenging or significant portion of a larger initiative. They are qualitative. In fact, most companies that begin using OKRs start with a lot more Milestones than Metric-based Key Results because they are easier to set – and over time these companies learn to quantify your KRs and thus you can gradually add metrics to your Key Results which brings us to the net point…
Metric-based (Quantitative) Key Results
Metrics-based Key Results are are quantified either with a # (# of employees to hire, # of units to sell, etc.) or with $ or other currency (in case you are setting sales or revenue targets).
Both Milestones and Metric-based Key Results are important components of effective goal setting. Both Key Results are used in setting OKRs and serve as an effective performance management tool. As Peter Drucker says, “If you can’t measure it, you can’t manage it.” And both of these KRs can help you measure that ongoing progress towards your objective but just in different ways.
Do you manage a company or teams (either as a CEO, a senior executive, a middle manager or even a front-line manager)? Do you set and track objectives? Does aligning employee performance to business goals matter, and are you responsible for driving results? If so, please check out a live demo of Atiim OKR & Goals Management Software and we’d love to hear what you think about it. Thank you!