SMART Performance Metrics is a tool used to

SMART Performance Metrics is a tool used to create criteria to help improve the chances of an organization’s business success. It is an acronym that many businesses use for different purposes, from goal-setting to performance reviews to evaluating innovation. SMART Metrics provide a meaningful way to measure performance and success. • Specific – Being specific helps define exactly what the business wants to achieve and sets the path for getting there. For example, being specific helps define what it will take to achieve success, such as “improve the quality of a particular product which will result in increased sales”. • Measurable – Innovation and improvements need to be measurable in order to verify that they are working. Instead of a vague goal of “Sell more” product, being specific helps define what that success means, such as “Increase sales by 25%. ” • Achievable – Achievable objectives should be challenging enough to encourage a team, but not too lofty that it discourages the team and leads ultimately to failure. It's easy to want to set lofty goals, but if they aren't attainable, it can set a team up for discouragement and failure. If the metrics are achievable, the team is more likely to remain focused and intent on success. • Relevant - Relevance requires that the metrics fit with the broader business goals of the company. • Time-Bound – If the metrics set in place lack realistic time objectives, the chances of success decrease dramatically. It is important to provide target dates for all deliverables and decide if they can be accomplished within the time frame given. Want more tools and templates? Visit https: //upboard. io/

SMART Performance Metrics S M A R T Specific Being specific helps define exactly what the business wants to achieve and sets the path for getting there. Measurable Innovation and improvements need to be measurable in order to verify that they are working. Achievable objectives should be challenging enough to encourage a team, but not too lofty that it discourages the team and leads ultimately to failure. Relevant Relevance requires that the metrics fit with the broader business goals of the company. Time-Bound If the metrics set in place lack realistic time objectives, the chances of success decrease dramatically. It is important to provide target dates for all deliverables and decide if they can be accomplished within the time frame given. Want more tools and templates? Visit https: //upboard. io/

Join the up. BOARD Community to instantly find, customize or create your own business processes including: • Interactive online templates • Full business processes • Dashboards & analytics • Team collaboration tools Want more tools and templates? Visit https: //upboard. io/