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    Setting SMART Business Goals and Objectives

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    techras
    The document discusses how to set SMART business goals. SMART is an acronym that stands for specific, measurable, agreed upon, realistic, and time-based. The document provides examples for each letter in SMART and emphasizes that goals should be clear, focused, trackable, achievable within available resources and timeframes, and aligned with organizational objectives. Setting goals using the SMART framework helps ensure goals are effective and drive progress.

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    Setting SMART Business Goals and Objectives

    Uploaded by

    techras
    726 views9 pages
    The document discusses how to set SMART business goals. SMART is an acronym that stands for specific, measurable, agreed upon, realistic, and time-based. The document provides examples for each letter in SMART and emphasizes that goals should be clear, focused, trackable, achievable within available resources and timeframes, and aligned with organizational objectives. Setting goals using the SMART framework helps ensure goals are effective and drive progress.

    Original Description:

    Brief presentation on setting S.M.A.R>t> Business goals and Objectives

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    The document discusses how to set SMART business goals. SMART is an acronym that stands for specific, measurable, agreed upon, realistic, and time-based. The document provides examples for each letter in SMART and emphasizes that goals should be clear, focused, trackable, achievable within available resources and timeframes, and aligned with organizational objectives. Setting goals using the SMART framework helps ensure goals are effective and drive progress.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    726 views9 pages

    Setting SMART Business Goals and Objectives

    Uploaded by

    techras
    The document discusses how to set SMART business goals. SMART is an acronym that stands for specific, measurable, agreed upon, realistic, and time-based. The document provides examples for each letter in SMART and emphasizes that goals should be clear, focused, trackable, achievable within available resources and timeframes, and aligned with organizational objectives. Setting goals using the SMART framework helps ensure goals are effective and drive progress.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 9
    At a glance
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    The key takeaways are that SMART goals should be specific, measurable, attainable, relevant and time-bound in order to effectively propel an organization forward.

    The components of a SMART goal are that it should be specific, measurable, agreed upon/attainable, realistic/relevant, and time-based/time-bound.

    Some benefits of setting SMART goals are that they help keep teams motivated by tracking progress, create a sense of urgency by having deadlines, and ensure goals are aligned with the organization's vision and resources.

    Setting S.M.A.R.T.

    Business
    Goals
    SMART
     S - specific, significant, stretching
     M - measurable, meaningful, motivational

     A - agreed upon, attainable, achievable,

    acceptable, action-oriented
     R - realistic, relevant, reasonable, rewarding,

    results-oriented
     T - time-based, timely, tangible, trackable

    NB When you next run a project take a moment


    to consider whether your goals are SMART
    goals.
    goals
    SMART Goal…Specific
     Goals must be clear and
    unambiguous; vagaries and
    platitudes have no place in goal
    setting.
     When goals are specific, they
    communicate exactly what is
    expected, when, and how much.
    SMART Goal…Specific
     Focus creates a powerful force: goal
    power
     The more focused your energies, the
    more power you generate.

    NB – too many goals dilute focus.


    Optimal 2-3 Goals per unit at any one
    time!
    SMART Goal…Measurable
    Track team progress
    Help keep the team motivated.

    NB - A Goal without a measurable


    outcome is like a sports competition
    without a scoreboard or scorekeeper!
    SMART Goal…Attainable & Agreed Upon

     Goals must be achievable and attainable by


    all employees.
     The best goals require employees to stretch

    a bit to achieve them, but they aren't


    extreme.
     Goals that are set too high or too low

    become meaningless, and employees


    naturally come to ignore them.
    NB Supervisors and managers must work with
    their employees to set goals!
    SMART Goal…Relevant & Realistic

     Goals must be aligned to iGovTT’s vision and


    mission.
     Must be based on the current conditions and
    realities of the environment.
     I.E within the availability of resources,
    knowledge and time.
     NB – Irrelevant Goals -> iGovTT losses focus & Goals
    are Ignored.
     Unrealistic Goals ->
     loss of team motivation
     Employees feel over burdened, overwhelmed &
    stressed out
     Which leads to low productivity
    SMART Goal…Time-Based / Time-
    Bound
     Goals must have starting points,
    ending points, and fixed durations.
     Deadline bolster employees
    commitment to achieving the goal.
     Creates urgency.

    NB Time must be measurable,


    attainable and realistic.
    SMART Goals
     Specific
     Well defined
     Clear to anyone that has a basic knowledge of the project
     Measurable
     Know if the goal is obtainable and how far away completion is
     Know when it has been achieved
     Agreed Upon /Attainable
     Agreement with all the stakeholders what the goals should be
     Realistic / Relevant
     Within the availability of resources, knowledge and time
     Time Based / Time-Bound
     Enough time to achieve the goal
     Not too much time, which can affect project performance

    NB – SMART Goals = SMART iGovTT


    SMART Goals propel iGovTT fastforward!

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