SMART is a well known mnemonic acronym, which is used in the setting of objectives. It is frequently used in performance development, business strategy and project management.
It stands for Specific, Measurable, Achievable, Relevant and Timebound (SMART).
SMART was created by George T. Doran, in a 1981 issue of Management Review he wrote an article entitled There's a S.M.A.R.T. way to write management's goals and objectives
. Letters S and M usually mean specific and measurable. A, R and T are often tweaked but will be around the objective being Achievable, Realistic or Relevant and Timebound or Timely.