SMART Process
SMART can be applied to TEAM projects for different purposes. For example, SMART can be applied before the start of a TEAM project to develop a plan for documenting technical performance and GHG measurement processes. Alternately, SMART can be applied at the end of a TEAM project to evaluate actual technical performance and GHG reductions, provide the necessary reporting documentation, or develop a plan for a future related project or activities.
The SMART process consists of the following main steps:
- Developing a SMART-Lite evaluation.
- Developing a Project Master Plan.
- Reporting throughout the project.
- Evaluating GHG and technical documentation.
SMART-Lite Evaluation
For new projects, part of an application for TEAM funding must include technical documentation, a business plan, and a SMART-Lite evaluation. SMART-Lite is a streamlined version of SMART that provides a preliminary evaluation of the project's potential for mitigating GHG emissions.
Project Master Plan
Once a new project has been approved for TEAM funding, and before work on the project may begin, a SMART-based project master plan (PMP) must be developed before funds can be transferred. The PMP includes example plans and procedures for the project, a description of how risks will be managed, testing procedures, monitoring protocols, GHG emission reduction procedures, and reporting methods. Both TEAM and the proponents of the project agree to the scope of the PMP and its method of implementation once work begins.
Project Reporting
During the project, proponents submit regular technical reports and project progress reports to TEAM according to the methodologies established in the project master plan.
Evaluation
Once the project has been completed, TEAM evaluates GHG reductions, technical performance, and other activities.
Additional information on the use of SMART in conjunction with TEAM-funded projects can be found in Requirements and Guidance for the System of Measurement and Reporting for Technologies.
