How are OKR status and color codes linked with OKR?
Profit.co allows you to link Key results with OKR status and color codes. Users can manage the Status of the OKRs via Settings.
Why this feature?
- OKR Status has a unique color code and achievement score based on which you can validate the progress of the key results.
- OKR Status with unique color codes and scores enables quick, visual progress assessment, enhancing transparency, focus, and accountability.
Note: Only Super Users can set OKR Status and change color codes.
Navigate to Settings→ OKRs→ Authoring → Statuses from the left navigation panel. Under the Statuses page, you will find the Color code, Status Name, and confidence % based on which the status of the key results will be updated during Check-Ins. By enabling the complete key result automatically when progress reaches 100% toggle your key result will automatically switch to Completed status.
Also, you can choose the default status for your first check-in from the drop-down list.
As we see in Settings, each status has a unique Confidence %. Admin/Authorized users can modify the value of any statuses, the below-mentioned values are given by default,
The Objective progress status will be calculated based on Confidence %.
For instance, if an Objective has 3 Key Results, then the Objective’s Status can be calculated as the average of the Confidence % of all the Key Result statuses. The Status color that belongs to the resultant value will be highlighted in the Objective’s progress bar.
1. If the status is Completed with 100 %, the status of the objective will be highlighted in
2. If the status is At Risk with 30%, the objective will be highlighted in
3. If the status is In Trouble with 10%, the objective will be highlighted in
4. If the status is On Track with 80%, the objective will be highlighted in
When the user check-in a Key Result; value, status, budget amount (if any), and comments (if any) that are displayed in the check-in popup page has to be filled, depending on which the status of a Key Result will be indicated with the respective color in its progress bar. Based on this, the Key results will get updated.
For Instance, Let’s consider the Objective Drive Profit.co’s Growth via Customer Success which has three Key Results.
Depending on the check-in history, of the key results, the status of the OKR status bar is highlighted as On Track in light blue color with 49%
If the progress of your key result reaches 100%, you will be alerted with a note saying that your status will automatically change to complete status. If you wish to continue, click Update.
Once you click Update your key result will be updated as Completed.
Related Answer Post
To learn about Objective Status Propagation, click here.
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