What is the typical length of a medium-term plan?

What is the typical length of a medium-term plan?

• A. 10 years
• B. 5 years
• C. 15 years
• D. 20 years

Answer: (A)

Planning horizons balance what you can commit to in the near term with what you want to achieve in the future. A medium-term plan is the window that sits between annual or near-term operations and far-reaching long-range strategy. In airport planning, this horizon is chosen to accommodate major capital programs, phased capacity expansions, fleet and equipment replacements, and system upgrades that require multi-year execution, funding cycles, and construction time. Ten years provides enough time to implement significant projects, secure funding, and adjust as demand and technology change, while not committing to the even longer and more uncertain future of 15–20 years. So, about a decade is used as the standard medium-term planning span.

Planning horizons balance what you can commit to in the near term with what you want to achieve in the future. A medium-term plan is the window that sits between annual or near-term operations and far-reaching long-range strategy. In airport planning, this horizon is chosen to accommodate major capital programs, phased capacity expansions, fleet and equipment replacements, and system upgrades that require multi-year execution, funding cycles, and construction time. Ten years provides enough time to implement significant projects, secure funding, and adjust as demand and technology change, while not committing to the even longer and more uncertain future of 15–20 years. So, about a decade is used as the standard medium-term planning span.