Resource: Setting Smart Objectives Monday 30 March 2020 Share Share to LinkedIn Share to Facebook Share via email What are SMART Objectives? Find out how you can apply the acronym against your organisations strategy to improve performance and time management. There are a number of different versions of the acronym with different terms associated with some of the letters as indicated in the table below. They should be based on organisational strategy and be aligned with corporate vision, mission and values. They can be set at the level of the whole organisation or at divisional, department, team or individual levels. SMART objectives came into place back in 1955 and are now firmly established within most successful companies and sit comfortably alongside most end of year appraisals. An objective is a statement which describes what an individual, team or organisation is hoping to achieve. Definition Of Smart Objectives S Definition Of Smart Objectives Objectives should be specific. They should be outlined in a clear statement of precisely what is required, describing the result that is desired in a way that is, detailed, focused and well defined. M Measurable Measurement is hugely important because it will enable you to know whether an objective has been achieved. Therefore, include a measure to enable organisations to monitor progress and to know when the objective has been achieved. A Achievable (or agreed) An objective can be said to be achievable if the necessary resources are available or similar results have been achieved by others in similar circumstances. Design objectives to be challenging, but ensure that failure is not built into objectives. Objectives should be agreed by managers and employees to ensure commitment to them. R Realistic (or relevant) The concepts of 'realistic' and 'achievable' are similar and this may explain why some use the term 'relevant' as an alternative. Focus on outcomes rather than the means of achieving them. T Time-bound It is necessary to set a date or time by which the objective should have been accomplished or completed and this contributes to making objectives measurable. Therefore, agree the date by which the outcome must be achieved. Download the full checklist: Setting Smart Objectives Like this article? Why not share it. Share to LinkedIn Share to Facebook Share via email Topic: “Management is the technical part of leadership” Amina Adetunji CMgr MCMI, Chartered Manager of the Week, shares how CMI gave her the ability to push her career further Read article Article Topic: Employability “Incredibly real and deeply meaningful”: meet our Student of the Year This award celebrates learners who demonstrate the vision, drive and skills needed to shape the future of business Read article Article Topic: Employment Landscape Six leadership lessons from entrepreneur Byron Dixon OBE CMgr CCMI From taking risks to empowering experts, the founder of Micro-Fresh shares the advice that helped him build a global business Read article Article Topic: Productivity What drives productivity in your workplace? The CMI community reacts Productivity is a watchword for organisations everywhere, but what really powers it? Here’s what our polling found Read article Article Resources The information on this page is designed to help you to develop ever more compelling business proposals and presentations. Take a look at our selection of tools which could help support you. Members See More CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits Join The Community CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits
