PFMP · Question #415
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the…
The correct answer is B. Specific, Measurable, Attainable, Realistic, Time bound. This describes the SMART criteria, the universally recognized framework for creating meaningful, actionable metrics and goals. Each element ensures metrics are well-defined (Specific), can be tracked objectively (Measurable), are achievable (Attainable), are grounded in reality…
Question
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured. Which guideline is used in order to develop meaningful measures?
Options
- ASpecific, Meaningful, Achievable, Reachable, Timed
- BSpecific, Measurable, Attainable, Realistic, Time bound
- CSpecific, Meaningful, Accurate, Reachable, Timed
- DStrong, Meaningful, Accurate, Reachable, Timed
How the community answered
(46 responses)- B93% (43)
- C2% (1)
- D4% (2)
Explanation
This describes the SMART criteria, the universally recognized framework for creating meaningful, actionable metrics and goals. Each element ensures metrics are well-defined (Specific), can be tracked objectively (Measurable), are achievable (Attainable), are grounded in reality (Realistic), and have a defined endpoint (Time bound). The other options contain incorrect words-'Meaningful' and 'Accurate' are not part of the SMART acronym, and 'Strong' is also not a valid SMART element. Only option B reflects the correct, standard SMART definition.
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