Glossary / Finance
Program Objective MemorandumPOM
The POM is each military department's multi-year (Future Years Defense Program, or FYDP) budget proposal submitted annually to the Office of the Secretary of Defense. It reflects the service's priorities for manpower, procurement, RDT&E, O&M, and military construction. POM inputs are aggregated and adjusted through DoW-level reviews before becoming the President's Budget request to Congress.
Why it matters to your pipeline
A program has real funding momentum only once it's in the POM. Tracking POM cycles helps contractors anticipate which efforts are likely to see dollars in the upcoming fiscal year.
When this term shows up in an opening GovSmith finds for you, your vCM explains what it means for that pursuit and does whatever it calls for. You decide; we do the work.
Example
When a service's POM adds a funding line for a new capability, industry can expect contract opportunities in that area once Congress appropriates the money, often a year or more later.
Find out what applies to you
Some terms will matter to your business right away and some won’t for years. A vCM can tell you which are which.