which of the following is a responsibility of the office of management and budget? course hero

What is the purpose of a budget?

May 07, 2014 · The Office of Management and Budget main responsibility is to help the President in overseeing the preparation of of the Federal Budget. The OMB also assist supervising the administration of the federal budget in Executive Branch agencies.. Reference: https://clintonwhitehouse1.archives.gov/White_House/EOP/OMB/html/ombhome.html

What is a project manager responsible for in the IRS?

Dec 26, 2016 · Office of Management and Budget (OMB) This answer is correct. b. General Accounting Office (GAO) c. American Institute of Certified Public Accountants (AICPA) d. State Boards of Accountancy Correct. The Office of Management and Budget (OMB) is responsible for administering the Single Audit Act.

Which documents are not managed by the activity Comptroller?

Dec 01, 2020 · Which of the following statements is true of the Office of Management and Budget (OMB)? a. The duty of the director of the OMB is to support the Senate's views on the budget. b. The director of the OMB is appointed by the president. c. The OMB is a purely discretionary body. d. The OMB assists the Senate in reviewing the budget prepared by the ...

What is the role of the program or project manager?

Jul 13, 2020 · The budget itself and the administration of the budget are the responsibility of management. Each manager coordinates their respective budget activities. Lower level managers are responsible for preparing the entire budget. The flow of input data for budgeting should be from the highest levels of responsibility to the lowest level.

Which of the following is a responsibility of the Office of Management and Budget?

The Office of Management and Budget oversees the performance of federal agencies, and administers the federal budget.

What is the role of the director of the Office of Management and Budget?

Among its chief responsibilities are managing the development and execution of the annual federal budget, overseeing federal agencies and executive branch operations, and coordinating and reviewing agency regulations. President Joe Biden (D) nominated Shalanda Young for director of the OMB on November 24, 2021.

What is the major responsibility of the Office of Management and Budget quizlet?

The main function of the OMB is to assist the president in preparing the budget. [2] The OMB also measures the quality of agency PROGRAMS, policies, and procedures and to see if they comply with the president's policies.

Who is the director of the office?

Randall Einhorn is the most frequent director of the series, with 15 credited episodes. The series also had several guest directors, including Lost co-creator J. J.

What is a signing statement?

Signing statement is an act by the President in explaining the reasons of he will be signing or approving the law so that the people will understand his justification of such approval into a law.

Who is in the NSC?

The NSC comprises the President, Vice President, Secretary of Treasury, Secretary of State and the Assistant of the President for National Security Affairs.

What is pardon in the US?

Pardon is an executive clemency invoked by the President which will given to any convicted offender. It should be limited granting it in times of impeachment. Such clemency will restore their full rights and privileges of being a citizen.

What is an appropriation account?

An appropriation account is commonly referred to as appropriation. An Appropriation Act is a statute that provides budget authority for Federal agencies to incur obligations and to make payments out of the US Treasury in specific amounts for specific purposes and within specified time frames.

What is the bona fide need rule?

The Bona Fide Need Rule refers to the time restriction. It is a fundamental principle of fiscal law that an appropriation available for a definite period may be obligated only to meet the legitimate, or bona fide, needs of the fiscal year for which the appropriation is made.

What is a PM in accounting?

The program or project manager (PM) is responsible for program or project content, and the execution of funds officially held by the comptroller. The PM, along with the comptroller, is also responsible for ensuring that funds are effectively used and in accordance with authorized purposes.

What is an allotment?

Allotments. are types of fund authorizations granted by an allocation or suballocation funds holder. Allotments are usually provided as a lump sum to a performing activity not in the requiring activity's chain of command. An allotment enables the performing activity to issue multiple funds usage documents.

What is a letter contract?

Basic Agreement. A basic agreement is a written instrument of understanding, negotiated between the government and a contractor.

What is a mandatory dependency?

Mandatory dependency. Type of dependencies that are not mandatory, but are established based on knowledge of best practices within a particular application area, or some unusual aspect of a project where a specific sequence is desired. Discretionary dependency. Most typical type of dependency in a project schedule.

What is the definition of project management?

Project management. A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success. Sponsor.

What is matrix organization?

Matrix organization. Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization. Organizational process assets. Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio.

What is a project charter?

Project charter. An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio. Stakeholder. A project document including the identification, assessment, and classification of project stakeholders.

What is a project document?

A project document including the identification, assessment, and classification of project stakeholders. Stakeholder register. A management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.

What is a requirement in a project?

A condition or capability that is necessary to be present in a product, service, or result to satisfy a business need. Requirement. A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed. Requirements management plan.

What is functional organization?

Functional organization is administrative organized by function area or technical discipline (e.g., finance, marketing, engineering, manufacturing, IT) A projectized organization is organized by project, with people from multiple disciplines working for a project manager.