Which Act requires annual performance plans and reports?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

Which Act requires annual performance plans and reports?

Explanation:
The requirement for annual performance plans and annual performance reports comes from GPRA enacted in 1993. This statute established a performance-based management framework for federal agencies, mandating that each agency prepare an annual performance plan with defined goals and measures and an annual performance report that compares actual results to those goals. Stating the year in the citation (1993 GPRA) identifies the original act that introduced these specific requirements; later amendments, like the GPRA Modernization Act, built on it, but the obligation to produce yearly plans and reports traces back to the 1993 act.

The requirement for annual performance plans and annual performance reports comes from GPRA enacted in 1993. This statute established a performance-based management framework for federal agencies, mandating that each agency prepare an annual performance plan with defined goals and measures and an annual performance report that compares actual results to those goals. Stating the year in the citation (1993 GPRA) identifies the original act that introduced these specific requirements; later amendments, like the GPRA Modernization Act, built on it, but the obligation to produce yearly plans and reports traces back to the 1993 act.

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