COURSES
MBAData Science & AnalyticsDoctorate Software & Tech AI | ML MarketingManagement
Professional Certificate Programme in HR Management and AnalyticsPost Graduate Certificate in Product ManagementExecutive Post Graduate Program in Healthcare ManagementExecutive PG Programme in Human Resource ManagementMBA in International Finance (integrated with ACCA, UK)Global Master Certificate in Integrated Supply Chain ManagementAdvanced General Management ProgramManagement EssentialsLeadership and Management in New Age BusinessProduct Management Online Certificate ProgramStrategic Human Resources Leadership Cornell Certificate ProgramHuman Resources Management Certificate Program for Indian ExecutivesGlobal Professional Certificate in Effective Leadership and ManagementCSM® Certification TrainingCSPO® Certification TrainingLeading SAFe® 5.1 Training (SAFe® Agilist Certification)SAFe® 5.1 POPM CertificationSAFe® 5.1 Scrum Master Certification (SSM)Implementing SAFe® 5.1 with SPC CertificationSAFe® 5 Release Train Engineer (RTE) CertificationPMP® Certification TrainingPRINCE2® Foundation and Practitioner Certification
Law
Job Linked
Bootcamps
Study Abroad
Master of Business Administration (90 ECTS)Master in International Management (120 ECTS)Bachelor of Business Administration (180 ECTS)B.Sc. Computer Science (180 ECTS)MS in Data AnalyticsMS in Project ManagementMS in Information TechnologyMasters Degree in Data Analytics and VisualizationMasters Degree in Artificial IntelligenceMBS in Entrepreneurship and MarketingMSc in Data AnalyticsMS in Data AnalyticsMS in Computer ScienceMaster of Science in Business AnalyticsMaster of Business Administration MS in Data ScienceMS in Information TechnologyMaster of Business AdministrationMS in Applied Data ScienceMaster of Business Administration | STEMMS in Data AnalyticsM.Sc. Data Science (60 ECTS)Master of Business AdministrationMS in Information Technology and Administrative Management MS in Computer Science Master of Business Administration MBA General Management-90 ECTSMSc International Business ManagementMS Data Science Master of Business Administration MSc Business Intelligence and Data ScienceMS Data Analytics MS in Management Information SystemsMSc International Business and ManagementMS Engineering ManagementMS in Machine Learning EngineeringMS in Engineering ManagementMSc Data EngineeringMSc Artificial Intelligence EngineeringMPS in InformaticsMPS in Applied Machine IntelligenceMS in Project ManagementMPS in AnalyticsMS in Project ManagementMS in Organizational LeadershipMPS in Analytics - NEU CanadaMBA with specializationMPS in Informatics - NEU Canada Master in Business AdministrationMS in Digital Marketing and MediaMS in Project ManagementMSc Sustainable Tourism and Event ManagementMSc in Circular Economy and Sustainable InnovationMSc in Impact Finance and Fintech ManagementMS Computer ScienceMS in Applied StatisticsMaster in Computer Information SystemsMBA in Technology, Innovation and EntrepreneurshipMSc Data Science with Work PlacementMSc Global Business Management with Work Placement MBA with Work PlacementMS in Robotics and Autonomous SystemsMS in Civil EngineeringMS in Internet of ThingsMSc International Logistics and Supply Chain ManagementMBA- Business InformaticsMSc International ManagementMBA in Strategic Data Driven ManagementMSc Digital MarketingMBA Business and MarketingMaster of Business AdministrationMSc Digital MarketingMSc in Sustainable Luxury and Creative IndustriesMSc in Sustainable Global Supply Chain ManagementMSc in International Corporate FinanceMSc Digital Business Analytics MSc in International HospitalityMSc Luxury and Innovation ManagementMaster of Business Administration-International Business ManagementMS in Computer EngineeringMS in Industrial and Systems EngineeringMSc International Business ManagementMaster in ManagementMSc MarketingMSc Business ManagementMSc Global Supply Chain ManagementMS in Information Systems and Technology with Business Intelligence and Analytics ConcentrationMSc Corporate FinanceMSc Data Analytics for BusinessMaster of Business AdministrationBachelors in International ManagementMS Computer Science with Artificial Intelligence and Machine Learning ConcentrationMaster of Business AdministrationMaster of Business AdministrationMSc in International FinanceMSc in International Management and Global LeadershipMaster of Business AdministrationBachelor of Business
For College Students
  • Home
  • Learn
  • Framing the Problem Using the S.M.A.R.T Framework

Framing the Problem Using the S.M.A.R.T Framework

$$/$$

So far, you have gained a good understanding of how to gather context on a situation, differentiate between the facts and opinions related to the problem and prioritise key issues. After this, it is critical to frame the problem statement clearly. And we are not the only ones emphasising the importance of framing the problem; even Albert Einstein, who is one of the greatest problem solvers of all times, thinks the same. There is a famous quote by him that says: ‘If I had an hour to solve a problem, I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.’ 

 

Now, you must be wondering how you can define the problem statement appropriately. Can you use a technique, or is it just trial and error? 

 

Let’s find answers to all these questions in the next video:

$$/$$

Our expert told you about the S.M.A.R.T framework, which you can use to frame the problem statement effectively. The elements of this framework are explained in the table provided below:

 

Element Explanation

‘S’ - Specific 

  • The problem statement you define should be very specific, and you should avoid generic formulation
  • You must ensure that you narrow the problem down to a specific problem statement that you can focus on
‘M’ - Measurable 
  • You must try to quantify the problem as much as possible
  • This will help you in defining the various KPIs and metrics associated with the implementation of the solution so that you are able to track your progress on solving the problem
‘A’ - Actionable
  • The problem statement should clearly define the nature of actions that you need to take in order to solve the problem
‘R’ - Relevant 
  • You should exclude anything that is not relevant or lacks materiality 
‘T’ - Timed
  • Your problem statement should clearly state deadlines by which the solution you implement should produce the desired outcome  

 

Our expert will now take you through a detailed example of a real-life application of the S.M.A.R.T framework:

$$/$$

In this video, you saw a detailed real-life example highlighting the importance of leveraging the S.M.A.R.T framework to frame a problem statement. This brings us to the end of this session, wherein you learnt how to frame a problem statement accurately, which is the first step in the structured problem-solving approach that we are discussing. In the next few sessions, you will learn more about the other aspects of this problem-solving approach. 

 

Additional Resources: