As mentioned in the video, the acronym SMART stands for

• Specific goals describing
  • Who is involved?
  • Why it is important?  In some cases this can be incorporated into the evaluation of Excited below
  • What is needed to be done?
  • When is it to be done?
  • How is it going to be done? 
• Measurable to enable identification of when the goal has been achieved.  In the context of your career, the measurement may be months or years.
• Achievable to ensure your motivation is maintained
• If the goal is too far into the future, you may lose motivation before it is achieved.
• Frustration through not seeing results can lead to frustration and the objective being abandoned.
• Identify any obstacles to the success of the goal which you cannot influence or foresee.  In some cases, this is considered in Resources below
• Are there sufficient resources available to achieve the goal?
• Achievable does not mean it will be easy.
• Realistic in the availability of resources - skill and money included. 
  • What life changes are required to enable success
• Time bound so that you have a goal date for completion.  If this does not exist, motivation is easily lost through procrastination - put it off until tomorrow.

There have been some extensions to this initial acronym with the addition of ER.  In some cases, the additional elements are considered as a follow-up of the process, but in some cases they add to the detail of the previous definition.

• Ethical, Exciting, Evaluated 
  • Were all actions taken ethical?
  • Are you interested in the final product?  
  • How successful were you in achieving your goal?
• Review, Revise, Resources
  • If the goal was not achieved as expected, what happened and how can you change your goals to learn from the experience?
  • Lists of resources available and obstacles to address

Reference:  Girod (2013)