Which act requires strategic planning, performance planning and goal setting, and performance reporting?

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 strategic planning, performance planning and goal setting, and performance reporting?

Explanation:
The requirement described aligns with the performance-management framework established for federal agencies by the Government Performance and Results Act (GPRA). This act mandates three linked planning and reporting activities: a strategic plan that looks several years ahead, an annual performance plan with specific goals and performance indicators, and an annual performance report that compares actual results against those goals. This structure is designed to improve accountability, transparency, and the link between planning, budgeting, and results. The other options don’t establish these planning and reporting requirements: a budget deficit is a fiscal condition, not a governing act; mandatory spending is a spending category mandated by law, not a planning framework; and outlays refer to actual cash expenditures, not a planning or reporting framework.

The requirement described aligns with the performance-management framework established for federal agencies by the Government Performance and Results Act (GPRA). This act mandates three linked planning and reporting activities: a strategic plan that looks several years ahead, an annual performance plan with specific goals and performance indicators, and an annual performance report that compares actual results against those goals. This structure is designed to improve accountability, transparency, and the link between planning, budgeting, and results.

The other options don’t establish these planning and reporting requirements: a budget deficit is a fiscal condition, not a governing act; mandatory spending is a spending category mandated by law, not a planning framework; and outlays refer to actual cash expenditures, not a planning or reporting framework.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy