What is the meaning of SMART? Stratigic/Measuarable/Att.
Answer:
SMART is sigma concept.
SPECIFIC
MEASURABLE
ACHIEVABLE
REALISTIC
TIME BOUND
Reasonable Time Frame
Well that depends. Are you thinking in terms of a "SMART" Bomb? Becuase it's smart in the same George Bush is smart, well dressed but pretty stupid.
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stupid,miser,arrogant,rough, but talented
SMART in Performance management speak means:
1. Specific - goals should be specific
"I want to own my on home in Harare in ten years"
2. Measurable - You cannot rate what you cannot measure
can you measure that -yes
3. Achievable - An elephant is eaten one mouthful at a time.
can that be achieved - yes with the right investment plan as mortgages are not available.
4. Realistic - not only should it be achievable but what is realistic.
that is a realistic goal
5. Time Bound - A little pressure is good it bring performance
And you will find you are usually ahead of schedule!
These are the main characteristics of an objective.
Specific, Measurable, Acheivable, Realistic, Time Bound.
It can be added to many aspects of business such as SMART Aquisition, SMART Procurement, SMART Deployment.
Works well within Balanced Scorecard schemes, PRINCE managed projects, etc
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