SMART goals in project planning and performance management - Revision history

S220045: /* Big Idea SMART goals and benefits */

2023-05-08T12:46:17Z

Big Idea SMART goals and benefits

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	Due to the importance of an effective goal setting technique in the organisational performance management, Doran<ref name="Management Review" /> proposed the SMART goals which acronym stands for:		Due to the importance of an effective goal setting technique in the organisational performance management, Doran<ref name="Management Review" /> proposed the SMART goals which acronym stands for:

	'''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.[[File:SMART.png\|thumb\|500px\|Figure 1: SMART goals<ref name="figure1">Megan M. Flores (2017), ''The History and Evolution of SMART goals'', https://www.achieveit.com/resources/blog/history-evolution-smart-goals/, ~~Retrieved September 20, 2017~~</ref>]]		'''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.[[File:SMART.png\|thumb\|500px\|Figure 1: SMART goals<ref name="figure1">Megan M. Flores (2017), ''The History and Evolution of SMART goals'', https://www.achieveit.com/resources/blog/history-evolution-smart-goals/,</ref>]]
	Using this acronym, several variations evolved other time, such as<ref name="smart1"> Duncan Haughey (2014), ''SMART Goals'', https://www.projectsmart.co.uk/smart-goals.php, Retrieved September 20, 2017</ref>:		Using this acronym, several variations evolved other time, such as<ref name="smart1"> Duncan Haughey (2014), ''SMART Goals'', https://www.projectsmart.co.uk/smart-goals.php, Retrieved September 20, 2017</ref>:

Tkokotas at 18:50, 17 November 2018

2018-11-17T18:50:14Z

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			''Developed by Patrick Grimm''


	Effective goal setting can encounter many obstacles such as lacking organisational capabilities or resistance to change, e.g. due to individual anxiety. Facing the importance of goals for the overall organisational performance in a dynamic business environment, the development of an appropriate goal setting technique is evident.		Effective goal setting can encounter many obstacles such as lacking organisational capabilities or resistance to change, e.g. due to individual anxiety. Facing the importance of goals for the overall organisational performance in a dynamic business environment, the development of an appropriate goal setting technique is evident.
	Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.		Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.

S161459: /* Case study: Budgeting */

2017-10-01T12:10:00Z

Case study: Budgeting

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	The purpose of briefly illustrating the case study is to show how significant the changes can be after implementing the SMART goals technique into project processes.		The purpose of briefly illustrating the case study is to show how significant the changes can be after implementing the SMART goals technique into project processes.

	Both scenarios took place within an big, international corporation with a small corporate unit and flat hierarchy inside the organisation. One key aspect in the company was the annual budget and objective setting between corporate and business units. One unit applied SMART goals setting, another particular unit did not apply any effective goal setting approach.		Both scenarios took place within a big, international corporation with a small corporate unit and flat hierarchy inside the organisation. One key aspect in the company was the annual budget and objective setting between corporate and business units. One unit applied SMART goals setting, another particular unit did not apply any effective goal setting approach.

S161459 at 12:09, 1 October 2017

2017-10-01T12:09:15Z

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	Effective goal setting can encounter many obstacles such as lacking organisational capabilities or resistance to change, e.g due to individual anxiety. Facing the importance of goals for the overall organisational performance in a dynamic business environment, the development of an appropriate goal setting technique is evident.		Effective goal setting can encounter many obstacles such as lacking organisational capabilities or resistance to change, e.g. due to individual anxiety. Facing the importance of goals for the overall organisational performance in a dynamic business environment, the development of an appropriate goal setting technique is evident.
	Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.		Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.

S161459 at 12:07, 1 October 2017

2017-10-01T12:07:58Z

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	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.
	A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of the extended SMART'''ER''' version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of the extended SMART'''ER''' version is illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.

	==Introduction to goal setting==		==Introduction to goal setting==

S161459 at 12:07, 1 October 2017

2017-10-01T12:07:43Z

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	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.
	A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended SMART'''ER''' version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of the extended SMART'''ER''' version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.

	==Introduction to goal setting==		==Introduction to goal setting==

S161459 at 12:07, 1 October 2017

2017-10-01T12:07:07Z

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	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.
	A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended ~~SMARTER~~ version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended SMART'''ER''' version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.

	==Introduction to goal setting==		==Introduction to goal setting==

S161459 at 12:06, 1 October 2017

2017-10-01T12:06:43Z

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	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.
	A further investigation regarding human based limitations of the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended SMARTER version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		A further investigation regarding human based limitations using the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended SMARTER version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.

	==Introduction to goal setting==		==Introduction to goal setting==

S161459 at 12:04, 1 October 2017

2017-10-01T12:04:58Z

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	Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.		Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.

	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. ~~Especially~~, its ~~great value in~~ the ~~planning phase and performance management make a~~ further investigation ~~necessary while representing its~~ tool-specific limits ~~and setting it~~ in comparison to similar tools. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. It can be applied throughout the project management process. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. While many interpretations of the acronym exist, the tool has a great level of awareness due to its easy applicability and positive attributes such as high commitment and fast work pace. The combinability with other methodologies like Gantt charts or the flexible application regardless of the company's size are another reason for its popularity.
			A further investigation regarding human based limitations of the tool on the one hand and tool-specific limits one the other hand will be conducted. It is set in comparison to similar tools such as ''Cascading goals'' and ''Using Percentage Weights'' and an outlook of a extended SMARTER version illustrated. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.

	==Introduction to goal setting==		==Introduction to goal setting==

S161459 at 11:46, 1 October 2017

2017-10-01T11:46:35Z

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	Effective goal setting can encounter many obstacles ~~in a dynamic business environment~~ such as lacking organisational capabilities or resistance to change, e.g due to individual anxiety. ~~Hence~~, ~~creating and implementing~~ appropriate ~~goals seem to be challenging~~. Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 22, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.		Effective goal setting can encounter many obstacles such as lacking organisational capabilities or resistance to change, e.g due to individual anxiety. Facing the importance of goals for the overall organisational performance in a dynamic business environment, the development of an appropriate goal setting technique is evident.
			Initially created by George T. Doran in the Management Review<ref name="Management Review">George T. Doran (1981). ''There's a S.M.A.R.T. way to write Management's goals and objectives''. Management Review, http://community.mis.temple.edu/mis0855002fall2015/files/2015/10/S.M.A.R.T-Way-Management-Review.pdf, Retrieved September 20, 2017</ref>, the SMART goals can be classified as an effective goal setting technique. The acronym SMART stands for: '''S'''pecific, '''M'''easurable, '''A'''chievable, '''R'''elevant, '''T'''ime bound.

	Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. Especially, its great value in the planning phase and performance management make a further investigation necessary while representing its tool-specific limits and setting it in comparison to similar tools. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.		Being in line with the purpose perspective of projects, this goal setting method is not only applicable in professional projects, but also in any project of private nature. Using this tool allows to generate success substantially related to its original efforts, which is of high value for any project manager. Especially, its great value in the planning phase and performance management make a further investigation necessary while representing its tool-specific limits and setting it in comparison to similar tools. Understanding its possible advantages and the ability to apply it using a guidance with case studies allow a valid conclusion about its value in the context of the project planning and performance management.