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SMART Goal Setting. Our Winning Way. www.OurWinningWay.com. Introduction. The purpose of this exercise is to help you create SMART Goals. Goal Setting Exercise. Identify 4-5 Key Goals/Responsibilities for 2012: 1. 2. 3. 4. 5. Goal Setting Exercise.
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Our Winning Way www.OurWinningWay.com
Introduction The purpose of this exercise is to help you create SMARTGoals.
Goal Setting Exercise • Identify 4-5 Key Goals/Responsibilities for 2012: • 1. • 2. • 3. • 4. • 5.
Goal Setting Exercise • Using the guide on the next page, evaluate whether your • key goals/responsibilities are SMART or not: SMART Not SMART 1. 2. 3. 4. 5.
s M With measurable outputs defined according to criteria (quantity, quality, time) A R Measurable: Specific: T Attainable: Relevant: Time Bound: SMART Goals With clearly stated and defined actions Achievable and realistic Aligned to the business needs Within a clear time-frame
SMART Goals S • Questions to Consider… • WHO needs to be involved? • WHAT needs to be accomplished? • WHERE will this happen? • WHEN does this need to happen? • WHICH strategies will be used? • WHY is accomplishing this goal necessary? • Specific means the objective is concrete, detailed, focused and well defined • Contains an action verb that leads to a specific outcome • Defines some or all of the following: • Who? What? • Where? When? • Which? Why?
SMART Goals M • Questions to Consider… • How many measurements are needed? • How will I know when measurements have been achieved? • Can objectives be met given the changes in circumstances? • Establish concrete criteria for measuring progress toward attainment of the goal • Measures should inspire, encourage and motivate • Measurements help you and others recognize when objectives have been accomplished • What is not measured, can’t be managed • As changes occur, interim measures may be necessary
SMART Goals A • Questions to Consider… • Can this be done in the proposed time frame? • Do I understand the limitations and constraints? • Is this possible if I fully apply myself and my resources? • Purpose of achieving goals is to inspire & motivate • Objectives should stretch & challenge your capabilities, but must also be within your reach • Opportunities to develop attitudes, abilities, skills and capabilities to accomplish the goal must be considered • Objectives must not stretch you to the point of frustration or loss of motivation
SMART Goals R • Questions to Consider… • Do you have the resources available to achieve this objective? • Do I need to revisit priorities to make this happen? • Is it possible to achieve this objective? • Is your goal challenging but within reason? • Relevant goals represent an objective toward which you are able & willing to work • Achievement of objectives require resources (e.g. skills, money, equipment) to achieve desired outcomes • Most objectives are achievable but may require a shift in priorities to make them happen
SMART Goals T • Questions to Consider… • What information needs to be collected to measure progress? • When will this objective be accomplished? • Is the goal time bound? Is there a stated deadline? • When are the significant milestones due? • The goal should outline consistency, frequency, fairness and timing • Deadlines should be both achievable & realistic • Setting deadlines creates sense of urgency and keeps you motivate to take prompt action
SMART Format • Suggested format for creating SMART Goals: • By <INSERT DATE – Trackable>, <INSERT WHO> have <INSERT WHAT – Specific + Action verbs>resulting in or with the result <INSERT RESULTS – Measureable, Achievable, Relevant> • Example of SMART Goal: • By end of Q1 2012, all Watson employees will be trained on setting SMART objectives, resulting in 80% completion rate of participants entering SMART objectives in the 2012 PMP Process. 12
Is it a SMART Goal? SMART Goal? By May 1st, I will have researched a variety of marketing approaches and created a list of three possible solutions for the new product launch.
Is it a SMART Goal? Breakdown of Goal Specific – states the action (researched marketing approaches and created a list of possible sollutions) Measurable – Tracking number of approaches researched and identifying three possible solutions Attainable – Time frame noted Relevant –Researching marketing approaches and finding solutions are requirements of the position Time-Bound – by May 1st SMART Goal? YES! By May 1st, I will have researched a variety of marketing approaches and created a list of three possible solutions for the new product launch.
