How many "on years" are considered when creating a program objective memorandum for funding requirements?

When developing a program objective memorandum (POM) for funding requirements, the standard practice is to consider two "on years." This duration reflects the time frame in which the funding will be actively allocated and spent, allowing for a more accurate forecast of needs and resources. Using two years provides a balanced approach, as it aligns with typical budget cycles and strategic planning processes within many organizations. This timeframe allows decision-makers to plan effectively for both immediate and near-future funding needs, ensuring that program managers have adequate time to assess their requirements and adapt to changing circumstances.

While longer timelines could provide a broader view, they may lead to outdated estimates and less effective resource allocation. Similarly, focusing only on one year may not capture the ongoing demands and commitments of a program. Therefore, considering two "on years" is a standard and practical approach in financial planning within the context of programmatic funding.