The acronym SMART- (Specific, Measurable, Achievable, Results, Time) is a description of planning structures and methods. SMART plans are used as both conceptual and operational plans to review achievements and monitor success or failure.
Specific-The goal is quantified and identified in detail. A goal may be to make a million dollars
Achievable-The goal's feasibility is assessed in terms of difficulty
Results-The progress of the project is measured against criteria
Time-A time frame is created for the goal and used to define issues.
Examples of SMART Goals:
|This SMART plan has already succeeded according to its own criteria:
Specific- Make a million dollars
Measurable- Use receipts to measure progress
Achievable- Requires sales of a million units at $1 profit after tax
Results- Sold 500,000 units in first month at $2 profit after tax
Time- One year.http://en.wikipedia.org/wiki/SMART_criteria