setting smart business goals and objectives

8/14/2019 Setting SMART Business Goals and Objectives

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Setting S.M.A.R.T. BusinessGoals


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SMART

SS - specific, significant, stretching

MM - measurable, meaningful, motivational

AA - agreed upon, attainable, achievable,

acceptable, action-oriented RR- realistic, relevant, reasonable, rewarding,

results-oriented

TT - time-based, timely, tangible, trackable

NBNB When you next run a project take a momentWhen you next run a project take a moment

to consider whether your goals are SMARTto consider whether your goals are SMART

goalsgoals.


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SMART GoalSpecific

Goals must be clear andunambiguous; vagaries andplatitudes have no place in goalsetting.

When goals are specific, theycommunicate exactly what is

expected, when, and how much.


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SMART GoalSpecific

Focus creates a powerful force: goalgoal

powerpower

The more focused your energies, themore power you generate.

NB too many goals dilute focus.NB too many goals dilute focus.Optimal 2-3 Goals per unit at any oneOptimal 2-3 Goals per unit at any one

time!time!


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SMART GoalMeasurable

Track team progress

Help keep the team motivated.

NBNB - A Goal without a measurable- A Goal without a measurable

outcome is like a sports competitionoutcome is like a sports competition

without a scoreboard or scorekeeper!without a scoreboard or scorekeeper!


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SMART GoalAttainable & Agreed Upon

Goals must be achievable and attainable byall employees.

The best goals require employees to stretch

a bit to achieve them, but they aren'textreme.

Goals that are set too high or too lowbecome meaningless, and employees

naturally come to ignore them.

NBNB Supervisors and managers must work withSupervisors and managers must work with

their employees to set goals!their employees to set goals!


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SMART GoalRelevant & Realistic

Goals must be aligned to iGovTTs vision andmission.

Must be based on the current conditions andrealities of the environment. I.E within the availability ofresources,

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


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SMART GoalTime-Based / Time-Bound

Goals must have starting points,ending points, and fixed durations.

Deadline bolster employeescommitment to achieving the goal.

Creates urgency.

NB Time must be measurable,attainable and realistic.


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SMART Goals SSpecific

Well defined Clear to anyone that has a basic knowledge of the project

MMeasurable Know if the goal is obtainable and how far away completion is

Know when it has been achieved AAgreed Upon /Attainable

Agreement with all the stakeholders what the goals should be RRealistic / Relevant

Within the availability of resources, knowledge and time TTime Based / Time-Bound

Enough time to achieve the goal Not too much time, which can affect project performance

NB SMART Goals = SMART iGovTTNB SMART Goals = SMART iGovTT

SMART Goals propel iGovTTSMART Goals propel iGovTTfastforward!!

setting smart business goals and objectives

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