PFMP · Question #694
PFMP Question #694: Real Exam Question with Answer & Explanation
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Question
Assume you are the portfolio manager for the Federal Railroad Administration. Funding is provided annually according to the Government's budget process. Any monies that are not spent at the end of a fiscal year are lost, and there are some restrictions in place concerning whether funds can be transferred to different programs, projects, or operations work in the agency. Therefore, to maximize the use of funding you require:
Options
- ARegular reports on funds for authorized components
- BProjections on a quarterly basis as to the funds components require
- CMechanisms for internal audits to ensure funds are allocated effectively
- DAccurate estimates of the funds needed when the component is proposed for consideration
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