What do agencies need to develop under the Results Act?

Prepare for the Society of Defense Financial Management Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Ready yourself for your exam!

Agencies are required to develop five-year strategic plans under the Government Performance and Results Act (GPRA), also known as the Results Act. This legislation emphasizes the importance of planning, goal-setting, and performance measurement in government operations. The five-year strategic plan serves as a framework to outline the agency's long-term goals and objectives, aligning resources and actions with the mission. It helps agencies set priorities and assess the effectiveness of their programs over time, incorporating performance indicators and evaluation mechanisms to ensure accountability.

While annual budget reports, monthly performance evaluations, and quarterly financial audits are important components of financial management and accountability, they do not specifically align with the mandates of the Results Act like the requirement for strategic planning does. The focus of the Results Act is on demonstrating results and improving government performance, which is fundamentally built into the five-year strategic planning process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy