CDFM Performance Management and Metrics 5

Question 1

The DoD Financial Improvement and Audit Readiness (FIAR) Plan uses performance metrics primarily to track progress toward which overarching goal?

Accepted Answer

Achieving and sustaining clean audit opinions on financial statements

Answer

FIAR metrics measure the Department's progress in achieving auditability of financial statements, with clean opinions as the ultimate performance target mandated by law.

Question 2

When constructing a Logic Model for a defense program, which element represents the resources (dollars, personnel, equipment) invested to conduct activities?

Accepted Answer

Inputs

Answer

In a Logic Model, inputs are the resources committed to a program, which are then converted through activities into outputs and ultimately outcomes.

Question 3

A CDFM analyzing a balanced scorecard for a defense installation would expect which perspective to capture metrics like 'training hours per employee' and 'system upgrade completion rate'?

Accepted Answer

Learning and growth perspective

Answer

The learning and growth perspective of a balanced scorecard captures workforce development and organizational capacity metrics such as training hours and technology modernization rates.

Question 4

Which OMB guidance requires defense agencies to establish 'cross-agency priority goals' and report progress quarterly on a public website?

Accepted Answer

OMB Circular A-11, Part 6

Answer

OMB Circular A-11, Part 6 implements GPRAMA requirements for Priority Goals, including cross-agency goals with quarterly public reporting on Performance.gov.

Question 5

In the context of DoD performance measurement, 'obliquity' refers to the risk that:

Accepted Answer

Managers optimize measured metrics while missing the underlying mission objective

Answer

Obliquity describes the phenomenon where pursuing measurable proxies causes managers to lose sight of the true goal they were originally meant to achieve.

CDFM - Certified Defense Financial Manager Practice Test

CDFM - Certified Defense Financial Manager Practice Test

CDFM Performance Management and Metrics 5