CBA CBA Budget Execution & Performance Monitoring 2

Question 1

Which performance measurement framework requires federal agencies to set strategic goals and report progress annually?

Accepted Answer

Government Performance and Results Modernization Act (GPRAMA)

Answer

GPRAMA (2010) requires agencies to establish strategic goals, performance goals, and annual performance plans, and to publicly report results on Performance.gov.

Question 2

A budget analyst finds that program obligations are running 40% below the planned rate at mid-year. The FIRST recommended action is to:

Accepted Answer

Conduct a root-cause analysis to determine whether the shortfall reflects delays, rescissions, or program issues

Answer

Before taking any corrective action, the analyst must diagnose whether the obligation shortfall stems from procurement delays, program restructuring, policy holds, or other causes.

Question 3

In performance-based budgeting, 'cost per outcome' measures are used primarily to:

Accepted Answer

Link resource inputs directly to program results to assess value for money

Answer

Cost-per-outcome measures integrate financial and performance data, allowing decision-makers to assess whether resources are producing results efficiently.

Question 4

What is the primary purpose of a 'variance analysis' in budget execution monitoring?

Accepted Answer

To identify and explain differences between planned and actual budget performance

Answer

Variance analysis compares budgeted versus actual obligations and outlays, explaining the reasons for differences so management can take corrective action.

Question 5

Under OMB Circular A-11, agencies must submit their President's Budget data through which system?

Accepted Answer

MAX Federal Community (MAX Budget)

Answer

Agencies submit budget justification data, performance plans, and financial information to OMB through the MAX Federal Community, OMB's primary budget data portal.

(CBA) Certified Budget Analyst Practice Test

(CBA) Certified Budget Analyst Practice Test

CBA CBA Budget Execution & Performance Monitoring 2