Which act requires quarterly performance reporting along with the creation of cross-agency goals?

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 Government Performance and Results Act Modernization Act (GPRAMA) is designed to enhance the performance management framework in federal agencies. This act mandates that agencies provide quarterly performance reports that assess progress toward their strategic objectives and the effectiveness of their programs. Additionally, GPRAMA emphasizes the establishment of cross-agency goals, which facilitate collaboration among different government departments to achieve broader national priorities. This focus on accountability and transparency in government operations is crucial for ensuring that agencies meet their goals and effectively use taxpayer resources.

Understanding GPRAMA is essential because it reinforces the importance of regular performance evaluations, standardization of reporting practices, and alignment of efforts across different sectors of government. This not only helps in improving the management and outcomes of federal programs but also enhances public trust by making performance data accessible and actionable.

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