CDFM Performance Management and Metrics

Question 1

What federal law requires executive agencies, including DoD, to establish strategic plans, performance goals, and annual performance reports?

Accepted Answer

Government Performance and Results Act (GPRA)

Answer

Chief Financial Officers Act

Answer

Federal Managers Financial Integrity Act

Answer

Inspector General Act

Question 2

What is an 'efficiency measure' in the context of DoD performance management?

Accepted Answer

A metric that relates outputs produced to inputs consumed, such as cost per unit of output

Answer

A metric that tracks the number of personnel assigned to a unit

Answer

A measure of combat effectiveness in the field

Answer

A ratio of appropriated funds to obligated funds

Question 3

In DoD performance budgeting, what is the purpose of a Program Objective Memorandum (POM)?

Accepted Answer

To document a military department's proposed resource allocation across the Future Years Defense Program (FYDP)

Answer

To certify contractor invoices for payment

Answer

To authorize emergency supplemental appropriations

Answer

To report performance results to Congress

Question 4

What is the primary purpose of DoD's Balanced Scorecard approach to performance management?

Accepted Answer

To link strategic objectives to measurable outcomes across financial, internal process, learning, and mission perspectives

Answer

To evaluate military personnel fitness

Answer

To score contractors on past performance ratings

Answer

To assess environmental compliance at installations

Question 5

What does the term 'cost-effectiveness analysis' mean in DoD financial management?

Accepted Answer

Analysis that compares alternatives achieving the same objective by their relative costs when benefits cannot be monetized

Answer

Analysis that determines the lowest-cost vendor for a procurement

Answer

A review of contractor overhead rates

Answer

An assessment of foreign currency exchange risk

Question 6

Which DoD document translates the National Defense Strategy into specific force structure, program, and budget decisions?

Accepted Answer

Defense Planning Guidance (DPG)

Answer

President's Budget

Answer

Congressional Budget Justification

Answer

Program Budget Decision (PBD)