Overview
Monday.com emerges as a comprehensive work management platform, boasting an array of capabilities, including sales CRM and development team management.
It houses OKR boards designed to facilitate efficient OKR management with customizable views and an interactive progress dashboard.
One of its key strengths lies in its versatility, catering to teams of any size across diverse industries.
In this article, we explore Monday.com’s robust features, notable advantages, and limitations, dissect user reviews, and navigate its pricing plans.
Engagedly Rating
Monday.com Review
Pros
- Monday.com stands out for its exceptional flexibility. The platform allows users to configure various columns tailored to their project needs. The versatility of the column customization ensures that teams can organize and track tasks, milestones, and project details according to their unique workflows.
- It is adorned with colorful drag-and-drop functionalities. This visual approach simplifies project management, fostering seamless milestone tracking and task allocation. The platform’s user-friendly interface enhances accessibility and promotes a more engaging user experience.
- Monday.com excels in customizability, empowering users to adapt the software to their project requirements. This adaptability extends across various functionalities, enabling teams to mold the platform to their workflow preferences seamlessly.
- Monday.com is commended for its clean, intuitive design and exceptional customizability. It offers a user-friendly and adaptable work management solution for diverse project needs.
Cons
- Despite its strengths, Monday.com’s abundance of features could potentially overwhelm certain users, leading to underutilizing the platform’s capabilities. While comprehensive, the vast array of functionalities might pose a challenge for users seeking a simpler, more straightforward solution, potentially causing some features to go unused or underutilized.
- While it offers robust task duplication capabilities, some users find room for improvement. Enhancements to the task duplication module could streamline processes further, increasing the platform’s efficiency and ease of use.
- Another notable aspect is the lack of live support, which might be a drawback for users who prefer real-time assistance. While Monday.com provides support resources and documentation, the absence of immediate live assistance could hinder users seeking on-the-spot guidance or troubleshooting.
- Monday.com might be perceived as relatively expensive when comparing pricing among similar platforms. This pricing structure might deter potential users, especially those seeking more cost-effective alternatives with similar functionalities.
Monday.com Pricing
Monday.com has four paid pricing plans depending on the features and the number of users.
Basic Plan: Priced at $8.00 per user per month, the Basic Plan offers fundamental features for managing all team activities within a single dashboard. It includes basic functionalities crucial for team collaboration and workflow management.
Standard Plan: Starting at $10.00 per user per month, the Standard Plan enhances team collaboration and process optimization with additional features beyond the Basic Plan. It offers more tools and capabilities for improved collaboration and workflow management.
Pro Plan: The Pro Plan, priced at $16.00 per user per month, is designed to streamline and manage complex workflows. It offers advanced functionalities, making it suitable for teams dealing with intricate projects requiring more extensive tools and support.
Enterprise Plan: Geared towards enterprise-grade security, control, and support, the Enterprise Plan comes with a comprehensive set of functionalities tailored for larger organizations. This plan provides highly customizable solutions to ensure productivity and efficiency at scale, with pricing available upon request.
Let’s take a look at the features in the Standard plan of Monday.com:
Price comparison
Monday.com can be pretty overwhelming for employees who just want to manage their OKRs efficiently due to a lot of features and customization involved in the platform.
You can easily find other productive platforms in the market that enable team members to manage their OKRs and strategy execution in their day-to-day hustle, such as the JOP (Joy of Performing) platform.
Monday.com Features
1. Goal-setting and alignment
Monday.com offers a vibrant and customizable OKR board. This board allows users to organize their objectives and key results visually—the colorful board aids in clearly visualizing and categorizing goals, enhancing team alignment.
Moreover, the platform facilitates budget allocation within key results, enabling users to allocate financial resources to specific key results aligned with their objectives.
2. OKR tracking
The OKR Dashboard on Monday.com provides a comprehensive view of the progress of objectives and key results. Users can easily track and monitor the status of their OKRs, offering a bird’s eye view of how various initiatives align with overarching objectives.
3. Collaboration and execution
With features like subitems, Monday.com supports the breakdown of larger objectives into manageable action items or subtasks. This breakdown aids in the execution process by allowing teams to assign and track smaller tasks contributing to the larger goal.
Real-time collaboration capabilities enable teams to work together seamlessly, editing and updating information simultaneously. The Updates column provides a space for ongoing progress updates, fostering transparency and clarity regarding task statuses and project developments.
4. OKR review
Monday.com provides a smart OKR grading system that aids in assessing and evaluating the progress and attainment of objectives and key results. This feature assists users in grading their OKRs based on predefined criteria, offering a comprehensive understanding of performance levels.
Additionally, the chart view of OKRs offers a graphical representation of the progress, enabling users to visualize and analyze OKR achievements over time.
5. Analytics and Reporting
Within Monday.com, users can access OKR-specific reports that offer detailed insights into the performance of objectives and key results.
These reports provide analytics on the progress, performance trends, and achievement levels of OKRs, empowering users to make informed decisions and adjustments based on data-driven insights.
6. User experience
The platform allows for extensive customization of the OKR board, enabling users to tailor the layout and structure according to their preferences and workflow.
This customization ensures that the OKR management process aligns with the team or organization’s specific needs and working style.
Additionally, Monday.com offers a wide array of integrations with various third-party tools and services, enhancing its usability and extending its functionality by connecting with other essential tools used by team
Conclusion
Monday.com is a versatile and highly customizable work management tool that handles various business operations, including project management and resource allocation.
However, the breadth of its functionalities might detract from the primary objective of tracking and updating OKR progress.
While Monday.com offers many features for managing diverse business aspects, this extensive functionality can potentially distract users from the core focus of goal management and execution, such as tracking OKRs efficiently.
Other tools in the market offer minimalist interfaces and dedicated functionalities designed explicitly for effective goal management and execution, which may appeal to users seeking a more streamlined and focused approach to OKR management.
We hope this detailed review of Monday.com helps you in adopting the right OKR software.
Frequently Asked Questions
Can Monday.com integrate with popular collaboration tools such as Slack and Microsoft Teams?
Yes, Monday.com can integrate with Slack, Zoom, Hubspot, Microsoft Teams, G-suite, and many other tools.
Is Monday.com's OKR software appropriate for both small and large businesses?
Yes, you can use Monday.com for small, medium, and large businesses.
What kind of support and resources are available for training our team?
Monday.com offers a community of learners, a help center, 24/7 support, recorded demos, and onboarding templates to help you train your team members.
Which are the competitors to monday.com?
- JOP (Joy of Performing)
- Workboard
- Betterworks
- Profit
- Quantive