LEAN SIX SIGMA WORLD CONFERENCE
Managing WIP Limits With Objectives and Key Results
Presenter: Dr. Mariya Breyter, Enterprise Agile Coach, Goldman Sachs, New York, New York, USA
Keywords: Lean Kanban OKRs
Objectives and Key Results (OKRs) have been well known for decades now, and John Doerr's book on Measuring What Matters became a hit immediately after it was published. However, while OKRs as a concept seems logical and straightforward, many companies struggle with implementing this concept in an aligned and inspirational way. We will analyze cascading OKRs based on a four-dimensional OKR-setting framework and discuss alignment principles as well as OKR anti-patterns. In this engaging and interactive presentation, participants will review impact OKR-setting framework on sources of variability and identify practical implementation of OKRs in lean six sigma, such as managing WIP limits, removing waste, and improving performance. Using OKRs as part of continuous performance management progress aligns activities with company’s top priorities, increases cross-functional coordination and removes waste of organizational silo’s and internal dependencies. The presenter will demonstrate how OKR framework allows to: - Align organizational, program-based and individual goals effectively by reducing WIP and optimizing flow, - Empower employees and change organizational culture, - Optimize value delivery at organizational, product, and team level via focused quality-oriented implementation. Finally, we will play OKR Jeopardy so that participants can test their understanding of the introduced OKR framework and review examples of increasing value, improving flow, and achieving quality gains with Objectives and Key Results.