|
SMART Objectives
People or organisations are best
motivated by a mix of headline objectives that, collectively,
underpin some kind of exciting vision that they would like to
realise. The mix is ideally a careful
blend of different types of goals that are sufficiently
challenging and potentially rewarding to generate enthusiasm whilst
not being so demanding or threatening as to elicit unproductive
defensiveness.
The acronym 'SMART' has been used
widely to explain effective objective-setting. There has however been some differences of opinion about what SMART means.
The approach here is to
give two meanings to the 'A', both of which are highly pertinent.
In the notes below we look first
at 'SMART' with respect to setting individual objectives and then,
in discussing visions, we look at the wider context, of how mixes
of inter-dependent objectives can shape major projects involving
multiple, diverse stakeholder groups.
An alternative take on 'SMART'
S = Specific.
The
objective must be directly related to the outcome that will be measured. For example, the objective, 'To contribute to a 10% reduction
in UK CO2 between 2000 and 2015', is not specific enough for all but
the most general of policy statements, as both the extent of
'contribution' and the interplay between this and innumerable
independent , uncontrollable variables is unclear. A specific
objective might, for example, be, 'To reduce the C02 emissions per
passenger mile on Bradford's buses by 25%, between 2000 and 2015,
whilst retaining the same capacity of bus-fleet.
M = Measurable.
'If
you cannot measure it, you cannot manage it'. Measurements might be
either quantitative, or qualitative. Either way, a good objective's
measurements must be verifiable.
Ultimately, in most situations,
there should be a mix of objectives (Along the lines of a 'balanced
scorecard' discussed elsewhere) some which can be measured in a
numerical sense (Height, wealth, relative size, etc.) and some
which can be measured from a qualitative or sense of opinion
(happiness, attractiveness, customer satisfaction, etc.).
A = Ambitious.
There
is no point in setting objectives and all that is necessary to
measure and learn from their attainment or otherwise, unless this is
justified by the objective being sufficiently ambitious to
'stretch' the limits of what is currently known as eminently
attainable. The objective needs to be sufficiently ambitious,
exciting and potentially rewarding, to motivate stakeholders to
apply their best efforts to it.
A = Achievable.
This
is the counterpart to Ambitious. Agreed objectives should motivate
excellent effort, but they should not de-motivate through being
plainly unrealistic.
R = Relevant.
The
objective has to be relevant to the organisation's primary purpose, such as: sustainable growing profitability; effecting
beneficial change within the community or, the realisation of
personal health and happiness. The key here is to avoid
distractions.
T=Time-based.
The
objective has to be set within a practicable time-frame. The
objective should not be too short, as to deny opportunities for
latitude and innovation in its pursuit, or to over-burden the
objective-based effort with 'administrative overhead'. The objective
should also not be too long term, either with respect to:
- the higher
objectives the activity is set to serve (There is no point in
setting a target to build a temporary school in 2 years, when it is
needed in 6 months)
- the dynamics of the environment in which the
objective is set (A fashion company's 'summer collection' needs to
be ready for the winter trade shows)
- or to risk 'scope creep' and a
loss of focus (Without reasonable, time-based, control limits, there is a risk that project teams will lose
focus and motivation).
Where objectives are long-term, it is good
practice to
remove risks of 'slippage', 'creep' and focus, by agreeing
'milestone' sub-objectives, which conform to SMART, as timed
benchmarks to measure progress toward the larger objective, so that
remedial action can be taken where it is apparent that there has
been a problem in meeting these.
V.SMART (Very SMART)
Objectives
Where practicable it is
preferable to pursue what Seedgen calls 'V.SMART' objectives. The SMART
elements remain the same, but before these are explored and agreed by
the stakeholders setting them, the headline 'Vision' of what the SMART
objectives are supposedly contributing to, are openly explored
first.
In this way, a project may be broken down into multiple, possibly
hundreds of unique SMART objectives, whose interdependencies will
shape the program, but each may share a common headline 'Vision'
element, which places then in a universally understood context.
This can have many
beneficial outcomes, promoting both the potency of the set
objectives and their 'relevant ambitiousness'.
By openly talking
through, as a group of stakeholders, the visions they wish to realize,
over various milestones and then at
the end of their project's time-frame, crucial differences of opinion
can be brought to light and either accepted or resolved.
Key pieces of
additional relevant information can be fed to the objective-setting team
by the individual 'experts' that have come together to form the
team.
In certain settings, a series of
initial 'visioning' meetings facilitated between the diverse
stakeholders that will be involved with the lifetime of the
project can halve or quarter its lifetime costs. This is because
appropriate 'talk-throughs' can help identify potential future
risks to the project as currently perceived. The more such risks
are identified and understood upfront, prior to any major
contracts being awarded the better, as once key design, build,
finance and operate contracts are signed, retrospective revisions
to them can be hideously expensive.
Having collectively verbalized
and 'walked through' or, in some workshop settings, even
acted out 'the vision', it is then a lot easier to trace back to the
present day and agree ambitious but practicable milestone steps, or
contract clauses, that
may need to also be agreed and reviewed, to help ensure the overall
project stays on track to meet with success.
Depending on the nature
of the project, regular follow-on milestone visioning meetings may also be relevant in
ensuring that the overall 'vision' sustaining headline, SMART objectives
is still pertinent. This is particularly the case for major capital
projects, or any project with a lifespan of more than two to three
years.
If, as will often be
the case with a long term project, a milestone meeting agrees, 'the
world has moved on', it may then be appropriate to 're-vision' the
overall project's targeted output and the set of objectives leading up
to this, which acknowledges the resources committed to and acquired
to-date, plus the commitments still standing up to the end of the overall
project,.
Rather than ending up
with project outputs that are no longer so desirable, this re-visioning
exercise can result in getting the best, most relevant revised outcome,
from the overall project.
In the light of changed
circumstances, these revisions can, particularly where there is an
opportunity to 'piggy-back' on the beneficial outcome of previously unforeseen
events, often result in far superior outcomes than originally perceived,
for less than originally anticipated, overall project costs.
The cultural
predisposition for some long-term project groups to 'stick
to their guns', rather than adapt to changed circumstances is a
knee-jerk reaction to the way in which many infamous projects have in
the past, gone
horrendously over-budget and under-performed relative to original
targets, partly through changing their specifications, mid-project. (E.g. Nimrod, The Child Support Agency's IT system; The British
Library; Scotland's Holyrood Building; etc.)
The critical issue with
most of these 'under-performers' was that they were never sufficiently well
'envisioned' at their outset. Subsequently, as the projects got
underway, any seemingly SMART objectives that had been set without the
prior 'Visioning' process, probably succumbed to mass-confusion as the
various project stakeholders worked with reference to their
respective individual, but never quite universal perceptions of what was
required.
|