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

The Government Performance and Results Modernization Act (GPRAMA) of 2010 focuses on improving the federal government's performance management framework. One of its key requirements is for the Office of Management and Budget (OMB) to develop long-term, outcome-oriented goals for cross-cutting policy areas every four years. This means that the OMB must identify significant, strategic priorities that span multiple government agencies and sectors, ensuring that federal programs are aligned towards achieving measurable outcomes that benefit the public.

The emphasis on long-term, outcome-oriented goals allows for a coherent approach to performance management across different government functions, promoting accountability and enhancing the strategic focus of federal spending. By establishing these goals, GPRAMA facilitates better planning and coordination among various entities involved in federal budgeting and program implementation. This requirement helps ensure that resources are used effectively and efficiently to achieve significant public results over an extended timeframe.

Other options do not align with the specific mandates of GPRAMA. Annual budget proposals are a more frequent requirement that does not capture the focus on long-term outcomes. Short-term funding strategies may be part of budget planning but do not reflect the overarching goal-oriented approach mandated by GPRAMA. Emergency budget plans, while important for crisis situations, are not a focus of the GPR