Certified Government Financial Manager (CGFM) Practice Exam 2025 – Your All-in-One Guide to Exam Success!

Explanatory information in performance measurement is best characterized by an in-depth analysis of performance trends and variances. This type of information is crucial for understanding not just what the results are, but the context behind those results. It involves examining data over time to identify patterns or trends, as well as exploring variances from expected performance levels or benchmarks. This deeper analysis can reveal underlying factors that may be influencing performance, enabling decision-makers to make more informed assessments and adjustments if needed.

Simply providing a simple overview of results would lack the necessary depth to fully inform stakeholders. A numerical report of outputs only focuses on raw data without providing insights into what that data means. Additionally, a general narrative about the organization might lack specific ties to performance measurement and trends, thereby not delivering the detailed contextual analysis that explanatory information aims to provide. The emphasis on trends and variances is essential for comprehensive performance management and decision-making processes.