OKR Questions - UMO.pdf

Question Paper: Understanding OKRs (Objectives and Key Results) Part A: Multiple Choice 1. What is the primary reason for setting stretch goals in OKRs? a) To ensure they are easily achievable b) To inspire teams to push beyond their comfort zone c) To meet compliance stan...

Question Paper: Understanding OKRs (Objectives and Key Results) Part A: Multiple Choice 1. What is the primary reason for setting stretch goals in OKRs? a) To ensure they are easily achievable b) To inspire teams to push beyond their comfort zone c) To meet compliance standards d) To avoid unnecessary risks 2. How should OKRs align across an organization? a) Every team creates their own OKRs without reference to other teams b) OKRs should be identical at every level of the organization c) Top-level OKRs cascade down to ensure alignment, while teams can set their own to contribute to them d) OKRs should only be used at the executive level 3. Which of the following is a common pitfall when implementing OKRs? a) Setting too few objectives b) Using OKRs solely for performance evaluations c) Setting ambitious but realistic goals d) Encouraging frequent discussions on OKRs 4. What is a crucial difference between OKRs and KPIs (Key Performance Indicators)? a) OKRs focus only on individual performance, while KPIs focus on team performance b) KPIs are typically static metrics, while OKRs are ambitious and flexible goals c) OKRs track short-term objectives, while KPIs track long-term objectives d) OKRs are always quantitative, while KPIs are qualitative 5. When is the best time to review and update OKRs during a quarter? a) Only at the end of the quarter b) Midway through the quarter, regardless of progress c) Regularly, through weekly or biweekly check-ins d) After completing all Key Results Part B: Fill in the Blanks (d) 6. One of the benefits of OKRs is that they help an organization create a ________ focus, ensuring that all team members are aligned with the same priorities. 7. A key result must reflect an ________ metric, meaning it should not be a subjective evaluation. 8. OKRs should challenge employees to go beyond “business as usual” and pursue ________ goals that are difficult but attainable with effort. 9. OKRs help promote ________ within an organization by making objectives and progress toward them transparent to everyone. 10. To avoid “sandbagging” in OKRs, teams should be encouraged to set goals that have a ________ probability of being achieved. Part C: Objective Type (d) 11. True or False: OKRs should be modified frequently, even mid-quarter, to adjust to changing business environments. 12. True or False: Key Results should always have an outcome-based focus rather than focusing on outputs or tasks. 13. True or False: OKRs are typically not graded, as the process focuses on learning and improvement rather than strict success or failure. 14. True or False: Teams should set as many OKRs as possible to ensure they cover every aspect of their work. 15. True or False: OKRs should be aligned both vertically (with organizational goals) and horizontally (with other team objectives). 16. True or False: Key Results should focus on results only because they measure the actual impact or success of the work done rather than just tracking whether tasks are completed. Part D: Scenario-Based Questions (d) 17. Scenario: Your company has successfully met its objectives for launching a new product, but the product is not performing well in the market. What might have gone wrong in your OKR process? a) Your Key Results were too ambitious b) Your objectives were too vague c) You focused too much on outputs (e.g., launching the product) instead of outcomes (e.g., market adoption) d) You didn’t involve enough team members in setting the OKRs 18. Scenario: Imagine your objective is to increase customer satisfaction by 30% over the next quarter. However, during a mid-quarter review, you realize you are only halfway to your Key Results. What should you do next? a) Lower the target for customer satisfaction to make it achievable b) Conduct an analysis to understand obstacles and adjust the strategies to improve performance c) Abandon the objective for the quarter and focus on something else d) Increase the number of Key Results to hit the target faster 19. Scenario: Your team is consistently achieving all of their Key Results, quarter after quarter. What does this indicate about the OKR process? a) The OKRs are well-balanced b) The Key Results are too easy and should be more ambitious c) The team is performing exceptionally well d) OKRs are no longer needed for this team 20. Scenario: A tech company sets an OKR to improve the scalability of its platform. What might be a good Key Result for this objective? a) Launching a new marketing campaign to promote the platform b) Increasing the platform’s uptime to 99.9% c) Improving the response time for customer support queries d) Enhancing the team’s coding skills with training programs  21. Scenario: Your team is tasked with driving innovation and creativity in product design. Which of the following OKRs best reflects this mission? Objective: Drive innovation in product design Key Results: a) Submit 10 new patent applications this quarter b) Increase product reliability by 15% c) Launch 5 new features requested by customers d) Reduce production costs by 10% Answers: Part A: Multiple Choice (d) 1. b) To inspire teams to push beyond their comfort zone 2. c) Top-level OKRs cascade down to ensure alignment, while teams can set their own to contribute to them 3. b) Using OKRs solely for performance evaluations 4. b) KPIs are typically static metrics, while OKRs are ambitious and flexible goals 5. c) Regularly, through weekly or biweekly check-ins Part B: Fill in the Blanks (d) 6. Strategic 7. Objective 8. Stretch 9. Accountability 10. 70% Part C: Objective Type (d) 11. False 12. True 13. True 14. False 15. True 16. False Part D: Scenario-Based Questions (d) 17. c) You focused too much on outputs (e.g., launching the product) instead of outcomes (e.g., market adoption) 18. b) Conduct an analysis to understand obstacles and adjust the strategies to improve performance 19. b) The Key Results are too easy and should be more ambitious 20. b) Increasing the platform’s uptime to 99.9% 21. a) Submit 10 new patent applications this quarter