Certified Defense Financial Manager (CDFM) Exam 1 Practice

In which phase are monetary and non-monetary benefits identified?

PLANNING phase AUDIT phase REVIEW phase REPORTING phase

Correct Answer:

REPORTING phase

Explanation:

In the Reporting phase, results are compiled and communicated to leadership and stakeholders, and this is where benefits are identified and documented. You capture both monetary benefits (like cost savings, avoidances, or revenue increases) and non-monetary benefits (such as improved mission capability, risk reduction, or stakeholder satisfaction) so the program’s value is clearly demonstrated. This phase provides the evidence needed for evaluation, accountability, and informed decision-making, showing what was achieved and how it aligns with objectives. Other phases focus on planning, execution, or validation, while the formal identification and presentation of these benefits for decision support happens during reporting.

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