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WATERFALL PROJECT MANAGEMENT EXAMPLE FOR FREE
To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. T – Time-bound: Your goals should have a clear timeline, with a start date and end date.R – Relevant: Your goals need to be realistic and within reach for your business and resources.A – Attainable: Your goals must be realistic, rather than impossible to achieve.M – Measurable: You need to define specific criteria that allow you to measure your progress towards your goals.S – Specific: Your goals should be clear, well defined and unambiguous.SMART is an acronym that stands for the following: In order to identify the goals of your project clearly, you might want to consider the SMART goal framework. Put simply, the initial stage is designed to turn abstract ideas into meaningful goals. You’ll also hone in on how you’ll measure success and which internal and external stakeholders will be involved. During the initiation phase, you’ll determine the objectives of the project, the problems it’s trying to solve and the outcome you hope to achieve. That’s where the initiation phase comes in. Before you begin a project, it’s important to determine whether it’s worth pursuing in the first place.
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