Create new target form

  • Release version: Yokohama
  • Updated January 30, 2025
  • 2 minutes to read
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    Summary of Create new target form

    The Create new target form in ServiceNow Yokohama release enables you to establish quantitative or qualitative targets aligned with your goals. This form helps you track progress, status, and impact of each target to drive goal achievement effectively.

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    Key Features

    • Target Details: Define the target’s name, associated goal, description, and state (e.g., Draft, In Progress, Approved, Complete, Pending, Achieved, Not Achieved).
    • Progress Tracking: Progress percentage is automatically calculated based on whether the target is set to maximize or minimize values using specific formulas.
    • Status Indicators: Use color-coded status (Green, Yellow, Red) to indicate if the target is on track, needs improvement, or requires immediate attention.
    • Impact on Goal: Assign a numerical value from 0 (No impact) to 5 (Maximum impact) to represent the target’s importance to the parent goal. This requires the system property sngf.weightedaverageenabled to be enabled.
    • Ownership and Contributors: Specify target owner and contributors responsible for achieving the target.

    Duration Section

    • Start and End Dates: Default to the current quarter’s start and end dates, but can be customized to define the target timeframe.

    Metrics Section

    • Unit of Measure: Select from predefined measure types stored in the Units [sngfunits] table.
    • Base, Actual, and Target Values: Define baseline, current actual, and target goal values. Actual and target values are applicable when the target type is Maximize or Minimize.
    • Type: Choose Maximize (progress toward a higher target) or Minimize (progress toward a lower target), ensuring base and target values align logically.
    • Review Frequency and Date: Set how often the target’s actual value should be updated (daily to yearly) and specify the review date.
    • Remark: Provide business justification remarks when updating the target.

    Practical Benefits for ServiceNow Customers

    Using the Create new target form, you can precisely define and monitor performance targets within your goals, enabling better alignment, accountability, and timely interventions. The automated progress calculations and status indicators facilitate proactive management, while impact weighting allows prioritization of critical targets. This ensures your teams focus on the most important outcomes and maintain consistent tracking through defined review schedules.

    Use the Create new target form to create a quantitative or qualitative target for your goal.

    Table 1. Create new target form fields
    Field Description
    Name Name of the target.
    Goal Goal that this target tracks.
    Description Description of the target.
    State The state of the target. The available options are:
    • Draft
    • In Progress
    • Approved
    • Complete
    • Pending
    • Achieved
    • Not Achieved
    Progress Percentage of target that is complete. This value is calculated automatically.

    If the Type field is set to Maximize, then the progress value is calculated using the following formula.

    Progress = (Actual value - Base value) / (Target value - Base value) x 100

    If the Type field is set to Minimize, then the progress value is calculated using the following formula.

    Progress = (Actual value - Target value) / (Base value - Target value) x 100

    Status
    Status to indicate the target progress. The available options are:
    • Green: Indicates that the target is on track.
    • Yellow: Indicates that the target needs improvement.
    • Red: Indicates that the target needs immediate attention.
    Impact on goal

    A numerical value that represents the importance of this target to its parent goal. By default, the value is (1) Neutral.

    The available options are:
    • (0) No impact
    • (1) Neutral
    • (2) Moderate
    • (3) High
    • (4) Very high
    • (5) Maximum
    Note:
    This field is available only when the sn_gf.weighted_average_enabled system property is set to Yes.
    Owner Owner of the target.
    Contributors Users who contribute to achieving the target.
    Table 2. Duration section form fields
    Field Description
    Start date Start date for the target. By default, the start date of the current quarter is populated.
    End date End date for the target. By default, the end date of the current quarter is populated.
    Table 3. Metrics section form fields
    Field Description
    Unit of measure Measure type for the specified value. The available measure types are stored in the Units [sn_gf_units] table.
    Base value Base value of the target. The base value can also be considered as the present or current value.
    Actual value Actual value of the target at a given time. This field is available only when the Type field is set to Maximize or Minimize.
    Type Target type that shows the direction of achievement. The available options are:
    • Maximize: The direction of the progress is toward the Target value from the Base value. The base value must be less than the target value.
    • Minimize: The direction of the progress is toward the Target value from the Base value. The target value must be less than the base value.
    Target value Target value of the target. This value is the goal that your team wants to reach. This field is available only when the Type field is set to Maximize or Minimize.
    Review frequency Option to specify how frequently should the owner or contributor be updating the actual value of the target.
    The available options are:
    • Daily
    • Weekly
    • Fortnightly
    • Monthly
    • Quarterly
    • Yearly
    Remark Remark entered for business justification when updating the target.
    Review date The date on which the target is to be reviewed.