What is a measurable accomplishment to be achieved within a specific period known as?

Prepare for the CGFM Exam 1 with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you understand. Ace your exam by studying the key concepts of the governmental environment!

A measurable accomplishment to be achieved within a specific period is known as an objective. Objectives are specific, quantifiable, and time-bound, reflecting the concrete steps necessary to achieve broader goals. They serve to guide efforts and provide clear targets that can be measured and assessed over time.

For example, if a government agency aims to improve public health, one of its objectives might be to increase the percentage of vaccinated children in the community from 70% to 90% within one year. This objective is precise, with a clear measurement (percentage of vaccinated children) and a specific timeframe (one year).

In contrast, a mission typically defines an organization's overall purpose and reason for existence but does not specify measurable outcomes. A goal, while also aimed at achieving positive outcomes, is usually broader and less specific than an objective. A strategy refers to the plan of action designed to achieve goals and objectives but does not inherently include the measurable aspect that characterizes an objective.

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