You are a project manager working on making your project goals SMART goals. You’ve learned that over the past three years, sales revenue has improved by the following percentages, respectively: 6%, 4%, 5%. Which of the following project goals is the best representation of an attainable goal?1 pointImprove sales revenue by 100%.Improve sales revenue by 25%.Improve sales revenue by 81%. Improve sales revenue by 7%.7.Question 7
Question
You are a project manager working on making your project goals SMART goals. You’ve learned that over the past three years, sales revenue has improved by the following percentages, respectively: 6%, 4%, 5%. Which of the following project goals is the best representation of an attainable goal?1 pointImprove sales revenue by 100%.Improve sales revenue by 25%.Improve sales revenue by 81%. Improve sales revenue by 7%.7.Question 7
Solution
The best representation of an attainable goal would be "Improve sales revenue by 7%".
Here's why:
SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.
Looking at the past three years, the sales revenue has improved by 6%, 4%, and 5% respectively. This shows a trend of single-digit growth. Therefore, a goal of improving sales revenue by 100%, 25%, or 81% would not be achievable based on past performance.
However, a goal of improving sales revenue by 7% is slightly higher than the past improvements, making it a challenging, yet potentially achievable goal. It is also specific, measurable, and time-bound, fitting the criteria of a SMART goal.
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