What is defined as a measurable accomplishment to be achieved within a specific period of time?

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!

The term that refers to a measurable accomplishment to be achieved within a specific period of time is "Objective." Objectives are designed to be specific, measurable, achievable, relevant, and time-bound (often referred to as SMART criteria). This characteristic makes objectives particularly important in planning and performance management, as they provide clear benchmarks against which progress can be assessed.

While goals are often broader and represent overarching aims, objectives break these down into specific, actionable steps. Strategies refer to the approaches or methods employed to achieve these objectives, whereas targets act as specific numeric values or outcomes that are set as thresholds within objectives but emphasize quantifiable results. This distinction emphasizes the precise nature of objectives in planning and assessing performance in governmental and organizational contexts.

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