The SMART method is used in project management to clearly define objectives. SMART is an acronym to describe the five requirements that a defined goal must me.
SMART stands for specific, measurable, attainable, relevant and timely.
Goals and tasks are written down. This allows every team member can refer to them at any time. Milestones and the overall progress towards objectives is regularly monitored and shared with the team.
Goal setting requirements can change and vary depending on the project.
A realistic goal must be achieved within the cost budget.
A specific KPI is used to measure the target
Definition of the
A clear statement of the goal.
The goal must be measurable using a defined set of metrics.
The goal should be attainable with the available resources.
The goal must be relevant to the project.
The goal must have a deadline.
Phases and work packages
- Situational analysis/baseline analysis
- Goal definition/goal setting
- Clarification/scope of project
- Feasibility analysis/risks
- Timeline and resource requirements
- Project marketing/reporting system
- Project mandate/kick-off
- Basic planning
- Project action plan/activity list/milestones
- Project organization/team/responsibilities
- Profitability analysis/risk analysis
- Detailed project planning
- Work breakdown structure
- Information sharing/meetings/contracting
- Project steering committee/management
- Project deviation identification
- Team management/development
- Team motivation/monitoring
- Conflict management
- Project closure/final meeting
- Variance analysis
- "Lessons learned" summary
- Dissolution of project team
- Post evaluation/reviews
- Final report
The CONTRACTOR guarantees by guarantee the exact and timely fulfillment of the obligations that he assumes with the conclusion of this contract.
The CONTRACTOR provides security, by bank guarantee or bond insurance, at the first request, made by a financial institution approved by the Employer, corresponding to 5% (five percent) of the total value of this contract, excluding VAT, in accordance with the draft annexed to the specifications.
The OWNER may resort to the security, regardless of court decision, in cases where the CONTRACTOR does not pay, or contest within the legal term, the contractual fines applied or fail to meet certain net obligations.
In view of the situation provided for in the previous paragraph, the CONTRACTOR must, within eight (8) days, reinforce the security to the exact extent that it has been broken.
Guarantee of works
The warranty period of the contract is 5 (five) years from the date of provisional acceptance of the work, except for removable equipment which, according to Portuguese law, will be 2 (two) years from the date of provisional acceptance. of the work.
The CONTRACTOR shall be liable to the OWNER, during the warranty period, for any damage due to soil defect or construction, modification or repair, or errors in the execution of the works, pursuant to the provisions of Article 1225 of the Civil Code.
If defects occur or if the Project specifications and requirements are not fully complied with, the CONTRACTOR shall make the respective corrections. Failing to do so, the OWNER may have these works performed by third parties, deducting the corresponding costs by resorting to the security.
The OWNER may, at any time, even before the end of the contract, use part of the area where the work is taking place, for his own use or to enable the work of third parties, and the CONTRACTOR shall facilitate adequate access to the areas completed in the work, however, the CONTRACTOR has the right to claim damages caused by such reasons
The use of the zones described in the previous number does not relieve the CONTRACTOR of his contractual obligations, of the responsibility to complete the work as provided and to correct the deficiencies within the deadline indicated by the OWNER, and the guarantees are not released before the contract. conclusion of work.