You’ve just had a great quarter. You realize some people have embraced OKRs and others haven’t. Some people are frustrated because they found it difficult to measure their OKRs weekly. Others have mentioned how it helped them stay on track. You’ve learned a lot during this quarter, and it feels like you made some excellent progress.
But how are you going to make sure the next quarter is even better? It is time for you to do a retrospective and reset your OKRs for the new quarter.
Some of you may be very familiar with the concept of Retrospective – it is a familiar event in the agile process. It is the third stage of the OKR cycle after strategic planning and execution. Retrospective, as you might have guessed, is a small exercise to reset and rinse. You celebrate your successes and identify your failures so that you can have an even impressive next quarter.
An OKR cycle is an agile, iterative process that keeps on quarter after quarter. The quarterly Retrospective provides your team with enough time to meet the set goals and objectives and identify the problem areas.
If anything is not working right, you don’t have to wait for a year or so to bring it to notice. A quarterly retrospective acts as the platform wherein you can assess your team’s performance. It is less about the end score achieved but focused more on the key learnings that your team will take to the next quarter. Retrospectives also create a more open, trusting culture where employees are not afraid to take risks.
A quarterly retrospective enables organizations, departments, teams, and individuals to excel at implementing OKRs, drive results based on the previous quarter’s learnings, and plan for the next. Thus, you get better at determining the best possible outcome for the next quarter.
When you are facilitating a retrospective, keep it slow yet straightforward. Devote more time than a monthly review. Aim for at least 1.5 hours, or more, if needed.
Ideally, you can divide the time allocated to facilitate the Retrospective into three slots of 30 minutes dedicated to celebrating, observing, and improving, respectively.
OKR Retrospectives should be a dedicated time to review the results of the previous quarter’s OKRs. Stay focused around OKRs by appointing an individual(s) to facilitate the discussion and keep everyone on track.
It is essential to stay focused on OKR and work towards achieving the set objectives.
When you reflect on the quarter, it is essential to find answers to specific questions to ensure your organization is heading in the intended direction. Asking the right questions provides you with the correct answers to steer your OKR strategy for the next quarter.
Here are some questions you should seek answers of:
To ensure that your OKR retrospective meets the expected goals, here is a quick checklist you should stick to:
Celebrating OKR success is essential to imbibe a sense of accomplishment in your team members and motivating them to deliver even better results in the next quarter.
Here are all the insights you can gather form a successful OKR:
As necessary as it is to celebrate success, it is equally essential to identify the weak points and frame a strategy to rectify them in the upcoming quarter.
Here are a few points to focus on:
Once you have identified the weak areas, it is time to introduce appropriate team improvements to excel.
Here is how you can do that:
As you can see, conducting a retrospective meeting provides you with hidden insights on where your company is facing, helps you identify your strengths and weaknesses, and provides you with a solid start to the next quarter.
To see how OKRs can impact your company and right retrospectives can make way for better results, schedule a free consultation with us. Contact us to learn more.