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Enhanced Defense Financial Management Training Course questions with answers.
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Enhanced Defense FinancialManagement Training Course questions
with answers.
What is a radical redesign of key business processes that involves examination of the fundamental
process itself? ANS - Business Process Re-engineering (also called Business Process Innovation)
To be successful, a BPR team should include individuals possessing what competencies and experiences?
ANS - A member who does not know the process being reviewed; a member who knows the process
being reviewed very well; Customer(s) of the process being reviewed; at least a member from
organizations that would be impacted by a change; At least one technology guru; One or two of the
"best and brightest" individuals of the organization; at least one member from outside the impacted
organization; and at least a senior person of the organization considering a change in the process (t
provide support of the effort)- probably not an active member of team."
What is the suggested maximum number of participants on a reengineering team? ANS - 10
What is the process of measuring and comparing one's performance against "best-in-class"
organizations and then adapting the best practices of those organizations to improve one's own
performance? ANS - Benchmarking
What law or regulation has as its goal the improvement of Federal program effectiveness and public
accountability by promoting a focus on results, service quality, and customer satisfaction? ANS -
Performance and Results ACT (GPRA)
In federal agencies, how often must strategic plans required under the GPRA modernization Act of 2010
be updated? ANS - Every 4 years
Federal agencies are required to submit to OMB and Congress several financial-related reports on an
annual basis. If the agency chooses to submit a consolidated report to satisfy that requirement, it is
called the performance and Accountability Report (PAR). Alternatively, the agency may submit separate
financial reports. What report or reports has DoD chosen to submit to satisfy the requirement? ANS -
Agency Financial Report; Annual Performance Report; Summary of Performance and Financial
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