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S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.
Objectives and key results (OKR, alternatively OKRs) is a goal-setting framework used by individuals, teams, and organizations to define measurable goals and track their outcomes. The development of OKR is generally attributed to Andrew Grove who introduced the approach to Intel in the 1970s [ 1 ] and documented the framework in his 1983 book ...
For example, instead of resolving to exercise more, your goal could be to walk two miles a day. That’s the first step of making your goal “S.M.A.R.T.” ( S pecific, M easurable, A chievable ...
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
At each goal level, measurement plans are defined in order to measure the achievement of the defined goal in combination with the chosen strategy though GQM. The GQM + Strategies application process supports building a grid in different ways depending on whether you want to start from the top level, from the bottom level, or from somewhere in ...
Budget: Create a budget that aligns with your goals and helps you track your spending. “The plan isn’t just the goal. It’s the whole thing,” says Welch. “The dream, the goals, the ...
To be usable, a strategy needs to be translated into a set of actionable operational steps. The concrete and clear strategic objectives should be translated into operational implementation sub-objectives (Reid, 1989), be linked to departmental and individual goals (Kaplan, 1995), and be measurable (Reid, 1989).
The purpose of this step is to measure the specification of problem/goal. This is a data collection step, the purpose of which is to establish process performance baselines. The performance metric baseline(s) from the Measure phase will be compared to the performance metric at the conclusion of the project to determine objectively whether ...