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

Study for the CGFM Exam 1 - Governmental Environment Exam. Engage with flashcards and detailed multiple-choice questions, all offering hints and explanations to prepare you confidently for your exam!

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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