SMART Goals (Specific, Measurable, Attainable, Relevant, Time-bound)

Revision as of 19:19, 13 February 2021

Abstract

Goals and objectives are deeply inherent in project -, program -, and portfolio management. They are found ranging from overarching business - and strategic goals of companies and organizations, which the project, program, and portfolios must fulfil and be aligned with, to the specific goals of a single project. Consequently, are a goal-setting framework, like SMART goals essential and extremely relevant. The SMART goal framework enables the managers to clearly define and understand the purpose and goals of the project, program, or portfolio. This helps the managers to ensure that the goals they are pursuing are the right one and that the goals will move the project, program, or portfolio in the right direction. Thus, is the SMART goals framework highly applicable in the initiation phase of a project, program, and portfolio, when its goal and purpose needs to be defined.
This article's main focus will be on SMART goals in project management and how it can be utilized for defining the goals and purpose of the project in the initiation phase of a project. However, it is also highly applicable for program managers and portfolio managers and can be utilized in other project life cycle phases since it is highly applicable whenever a goal needs to be defined. Therefore, it can be used during the project's execution to help drive the project forward and help project participants set personal goals and stay motivated.

The applicability of SMART goals in the initiation phase is well-documented, and within research, there is an agreement that projects without a well-formulated goal lack purpose and accountability^[1]. Furthermore, does Managing Successful Projects with PRINCE2 ^[2] define the purpose of the initiation phase as: "to establish solid foundations for the project, enabling the organization to understand the work that needs to be done to deliver the project's products before committing to a significant spend". It further states the context of the initiation phase of a project as: "Initiating a project is aimed at laying down the foundations in order to achieve a successful project. Specifically, all parties must be clear on what the project is intended to achieve, why it is needed, how the outcome is to be achieved and what their responsibilities are, so that there can be genuine commitment to it"^[2]. Hence, a clear and commonly understood and agreed upon project goal must be defined during the initiating phase. Moreover, does Guide to the Project Management Body of Knowledge^[3] provide the following statement regarding the initiating phase of a project: "The Initiating Process Group consists of those processes performed to define a new project …. The purpose of the Initiating Process Group is to align the stakeholders' expectations and the project purpose, …. Within the Initiating processes, the initial scope is defined". This further highlight the importance of formulating a clear and commonly understood and agreed upon project goal and purpose.

However, The acronym SMART has many different interpretations, which have evoked a rising resistance^[4]. Nonetheless, are SMART goals widely utilized and popular as businesses have found it to be a clear, simple, and valuable framework for managing and setting up goals, that are easily applicable and give a clear, focused direction ^{[5] [6]}.
Parts of the literature on SMART goals distinguish between goals and objectives with objectives referring to: "a sub-goal that expresses the desired outcome: a short-term effect or change expected to result from the outputs of activities performed"^[1]. Some authors state that such a definition is needed when studying SMART goals as interchangeable usage of the terms leads to unnecessary confusion and is a misnomer ^[7]. Nonetheless, the terms will be used interchangeably in this paper, since SMART goals apply to both, and it is of the authors' opinion that a strict division will not benefit the intended reader.

This paper aims to explain SMART goals to other project participants, thereby enabling them to apply it to their projects, enhancing these. Therefore, is the paper initiated by a brief explanation of goal-setting theory as it is the foundation on which SMART goals build upon. Thereafter, follows an in-depth explanation of the SMART goals, where I will describe SMART goals and its purpose. Hereafter will a guide on how to use the framework be presented. It will be utilized on a practical example—thereby showcasing how to utilize the outlined approach, the applicability of SMART goals, and the benefits of its usage. The paper ends with a critical reflection and investigation on SMART goals and its limitation. Here, I will provide the reader with the most profound limitations and criticism of SMART goals, to enable the reader to know both pros and cons of the framework, and I will briefly present an extent to SMART goals called SMARTER.

Goal Setting Theory

• Why is goal setting important
• Which problems does goal setting solve?
• How does SMART and goal-setting theory link
  • How do SMART Goals solve the problem?

The SMART Goal Framework

What is the purpose of SMART?

• What kind of problem the article addresses (and solves)?

Explanation of the Accronym

XXX

S: Specific

XXX

M: Measurable

XXX

A: Attainable

XXX

R: Relevant

XXX

T: Time-bound

XXX

Benefits of SMART Goals

XXX

Application of SMART Goals

What characterises the process How is it utilized? What is the good practice within it?

Step-guide to usage

Provide a step guide on how to use it

Application Example of SMART Goals

A concrete example in which you utilise SMART Goals.

• Have a goal you are starting with
  
• Utilise the outlined application process of SMART Goals to make the goal SMART <be>

Outcome

• Highlight why it is SMART and what it does for the goal
  

Limitations

General limitations of SMART

Building Upon SMART

SMARTER and others that build upon SMART to improve and thereby counter limitations

Annotated bibliography

Short intro

1. Ref 1: Text explaining the reference
2. Ref 2: Text explaining the reference
3. Ref 3: Text explaining the reference

Bibliography

1. ↑ ^{1.0 1.1} Ogbeiwi, Osahon. (2017). Why written objectives need to be really SMART. British Journal of Healthcare Management. 23. 324-336. 10.12968/bjhc.2017.23.7.324.
2. ↑ ^{2.0 2.1} AXELOS (2017). Managing successful projects with prince2 2017 edition. ProQuest Ebook Central https://ebookcentral-proquest-com.proxy.findit.dtu.dk
3. ↑ Project Management Institute, Inc.. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition) - 2. Initiating Process Group. Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/pdf/id:kt011DXQ4C/guide-project-management/initiating-process-group
4. ↑ Rubin, Robert. (2002). Will the real SMART goals please stand up?. 39. https://www.semanticscholar.org/paper/Will-the-Real-SMART-Goals-Please-Stand-Up-Rubin/420c9bf14b34d26b2e0e047b0da0a30e5d06f153
5. ↑ Haughey, Duncan. (2014) A BRIEF HISTORY OF SMART GOALS. Project Smart ~ Exploring trends and developments in project management today. Retrieved February 7, 2021. https://www.projectsmart.co.uk/brief-history-of-smart-goals.php
6. ↑ Lawlor, K.B. & Hornyak, M.J.. (2012). Smart goals: How the application of smart goals can contribute to achievement of student learning outcomes. Dev Bus Sim Exp Learn. 39. 259-267.. https://journals.tdl.org/absel/index.php/absel/article/view/90
7. ↑ Macleod, Les. (2013). Making SMART goals smarter. Physician executive. 38. 68-70, 72.