CFM Exam Dumps | What factors are included in the SMART approach to developing key performance indicators?

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Question 62/122

What factors are included in the SMART approach to developing key performance indicators?

A. Systematic, measurable, achievable, reliable, time-bound.

B. Specific, measurable, achievable, rational, time-bound.

C. Specific, measurable, achievable, relevant, time-bound.

D. Systematic, measurable, achievable, related, time-bound.

Correct Answer: C

The SMART framework is a widely accepted method for developing Key Performance Indicators (KPIs) to ensure that goals are well-defined and achievable. The correct components of SMART are:
* Specific - Clearly define what needs to be accomplished.
* Measurable - Ensure that the progress can be tracked with quantifiable metrics.
* Achievable - Set realistic targets within resource constraints.
* Relevant - Align with broader organizational objectives.
* Time-bound - Establish deadlines for goal completion.
This approach enhances strategic facilities management by ensuring performance metrics are structured, actionable, and aligned with business goals.

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