A common acronym that is used to help guide the development of indicators is SMART. That is, well-formed indicators that can be used to identify bottlenecks and other quality issues and to drive decision making should, whenever possible, be:
Specific
Measurable
Actionable
Relevant
Time-bound
Please expain each of these terms individually, and most important explain why you think they are important.
Include examples. Use complete, coherent sentences when answering this question.