SMART Goal Setting Our Winning Way www.OurWinningWay.com Introduction The purpose of this exercise is to help you create Goals. 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 1. 2. 3. 4. 5. Not SMART SMART Goals s M A R T Specific: With clearly stated and defined actions With measurable outputs Measurable: defined according to criteria (quantity, quality, time) Attainable: Achievable and realistic Relevant: Aligned to the business needs Time Bound: Within a clear time-frame SMART Goals S • 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? 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? SMART Goals M • 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 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? SMART Goals A • 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 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? SMART Goals R • 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 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? SMART Goals T • 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 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? 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 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. Breakdown of Goal 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. – 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 Non-Workday Users Goal-Setting Articulate