What is S.M.A.R.T?

Answer 1

Specific objectives are clear and well-defined. This helps both the performer and the manager, as the performer knows what is expected of them and the manager is able to monitor and assess actual performance against the specific objectives. Specific objectives may well include a scope description, which includes details of what is not included. Progress towards objectives often need to be to be monitored whilst work is under way. It is also very useful to know when that work has been done and the objectives are completed. A measurable objective achieves this end. When giving objectives, the person may not be able to achieve it for various reasons, including a lack of skill, not having enough resources (computers, tools, etc.), not having access to key people and not having management support. Achievable objectives ensure that everything is in place and that if the person does not reach the goals they cannot reasonably point the finger elsewhere. Objectives should also add useful value within the context where they are being set, being aligned with strategies and higher goals. Descriptions of objectives should also include timescales of what is required by when. This may also include details of delivery, stating (if relevant) where objectives are to be completed. Giving a time scale adds appropriate sense of urgency and ensures that the objectives do not dribble out over an unreasonably long timescale

Answer 2

The word "smarts" can be either the present tense of the verb smart meaning to hurt (example, that smarts!) or it is a very idiomatic term meaning intelligence (example, he has the smarts to become a lawyer).

If you mean this in a chemistry or information technology context, see the related question "What is SMILES?"