Department Administrator Self-Service (Glossary)

Department Administrator Self-Service (Glossary)

‌Glossary of Terms found in the Goals Module

A

Actual Task Cost: The real, incurred expenses associated with the completion of a task, project, or goal. Adjust Targets: Modifying predetermined targets due to evolving circumstances, requirements, or performance evaluations.

Archive Goals: The action of transferring completed or obsolete goals into an archived state for historical reference.

Assigned By: The individual or entity responsible for allocating a specific goal to an employee, team, or department.

Assignment Type – Self (Business): A categorization indicating that an individual has assigned a goal to themselves within a business context.

Assignment Type – Resource: A classification indicating that a goal assignment involves allocating resources such as personnel, time, and materials.

B

Balanced Scorecard: A strategic performance management framework that considers various perspectives (financial, customer, internal processes, learning and innovation) to measure an organization's success.

Budget Task Cost: The estimated or allocated cost associated with executing a task required to achieve a goal, usually specified within a predefined budget.

C

Cascading Goals: The process of aligning and connecting objectives at different levels of an organization, ensuring that everyone's efforts contribute to the achievement of the overall organizational strategy.

Challenge Points: Points or rewards earned for overcoming challenges, obstacles, or difficulties while working towards achieving a goal.

D

Dependencies: Relationships between tasks, goals, or activities that determine their sequence or influence each other's outcomes.

F

Financial Year: The twelve-month period used for financial planning, reporting, budgeting, and goal setting within an organization.

G

Goal Name: A unique identifier or label assigned to a particular goal for easy reference and tracking.

Goal Parameters: Specific criteria, conditions, or limitations that define the scope and requirements of a goal. Goal Perspectives – Financial: A viewpoint within the Balanced Scorecard framework that focuses on financial metrics and outcomes.

Goal Perspectives – Customer: A perspective within the Balanced Scorecard framework that emphasizes customer-related metrics and objectives.

Goal Perspectives – Internal Business Process: A viewpoint within the Balanced Scorecard framework that centers on improving internal processes and operations.

Goal Perspectives – Learning and Innovation: A perspective within the Balanced Scorecard framework that highlights goals related to organizational learning and innovation.

Goal Plan: A structured outline detailing the steps, resources, and timeline required to achieve a specific goal. Goal Points: Points accrued based on progress or achievement towards a goal, often used for tracking and recognition purposes.

Goal Results: The outcomes, achievements, or deliverables that stem from successfully completing a goal. Goal-Setting Event: A structured and focused gathering where individuals or teams define specific goals and objectives aligned with the organization’s strategy.

Goal Specification: A clear and detailed description of a goal, outlining its purpose, scope, and expected outcomes.

Goal Standards: Defined benchmarks or criteria representing the desired level of performance or achievement for a specific goal.

Goal Start and Due Date: The designated start and end dates for initiating and completing a goal. Goal Status: The current stage or condition of a goal, indicating whether it’s in progress, completed, or paused.

Goal Target Result Calculation: The method used to calculate the outcome or results of achieving a goal’s target.

Goal Type: A categorization that classifies goals based on their nature, such as performance, developmental, strategic, or personal growth goals.

Goal Weights: The relative importance assigned to different goals when calculating an overall performance score or assessment.

J

Job Goal: A goal that aligns with an employee’s specific job role, responsibilities, and performance expectations.

L

Leader Board: A ranking or list displaying the performance or progress of individuals or teams based on specific criteria.

Linked Tasks and Costs: Tasks or activities associated with a goal that impact its financial aspects and are interconnected.

M

Measure or KPI: A quantifiable metric or Key Performance Indicator used to assess progress toward a goal or objective.

Mission Points: Points earned by contributing to an organization’s mission or larger strategic goals.

My Goals: A section or feature within a performance management system where employees can view and manage their assigned goals.

P

Process Goals: Goals focused on improving or optimizing specific business processes within an organization.

Progress Reports: Periodic updates or assessments detailing the advancement and status of goals. R

Reporting Requirements: The criteria and frequency for providing updates or reports on goal progress. Rewards: Incentives or recognition provided to employees for achieving or making progress toward their goals.

S

SMART Goals: Goals that are Specific, Measurable, Achievable, Relevant, and Time-bound, enhancing their clarity and effectiveness.

Strategic Plan: A comprehensive document outlining an organization's long-term goals, objectives, and methods for achieving them.

Target Details: Specific information about the desired outcome or achievement of a goal.

Target Inverse: A scenario where the objective is to minimize or decrease a particular value or outcome. T

Task Level: The degree of detail at which tasks are subdivided within the context of a goal. U

Update Type: The manner in which progress updates or changes are communicated, such as real-time updates or scheduled reports.


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