Should KPIs be smart? (Spoiler: They Don’t Really Exist!)

Not SMART but SMARTER!

People often tell me they don't want KPIs, they want 'SMART KPIs'. It's a common misconception that KPIs need to be SMART to be effective. Yet, in fact, it’s true, that there's no such thing as a SMART KPI – it's your objectives or goals that need to be SMART.

A Key Performance Indicator (KPI) is a measurable analyzer that shows how effectively a company is achieving its key business objectives. Organizations use this method to evaluate their success at reaching targets. Selecting the right method will depend on your industry and which part of the business you are looking to track.

Create SMART Goals:

• Specific
• Measurable
• Attainable  or Achievable 
• Reliable or Realistic
• Time-bound

SPECIFIC: Define the goal as much as possible.

Who: Who is involved..??

What: What do I want to accomplish ..??

Where: Where will be done..??

Why: Why I'm doing this (reason or purpose)?

Which: Which requirement do I have ??

MEASURABLE: 

• Can you track the progress and measure the income..??

• How much ..?? How many..? how will I know when my goal is accomplished.

ATTAINABLE:

• Is the goal reasonable enough to be accomplished ??

• Make sure that your goal is not out of reach or below standard performance.

RELEVANT:

• Worthwhile ..?? Is the goal worthwhile and meet your goal..??

TIME-BOUND:

• Your objective should include a time limit.

• I will complete this step by Month/Day/Year   

Have any queries ..??? Just comment will get back to you soon....