§5107 Quarterly Acquisition Reports and Major Acquisition Program Risk Assessment

Summary

The Commandant must brief the House Committee on Transportation and Infrastructure and the Senate Committee on Commerce, Science, and Transportation about every Level 1 and Level 2 acquisition program. Those briefings are due within 45 days after each fiscal quarter ends. The Commandant must also brief the same committees at least 1 week before making buying decisions that will greatly change a program’s cost or schedule. If the Secretary approves an Acquisition Decision Memorandum for one of these programs, the Commandant must send that memorandum to the two committees within 5 business days. Each briefing must, for every program, say what the program is for and what it will buy, how many units will be bought each year under the current baseline, and the Acquisition Review Board status (current phase, date of last review, and whether the program is paused or in breach). It must compare the original approved cost, schedule, and performance goals to the current ones. It must give a lifecycle cost estimate adjusted for the Future Coast Guard Program, showing the confidence level, which fiscal years are covered, a breakout for the prior five years, the current year, and the budget year, a funding-source breakout, and reasons for any changes. The briefing must summarize any independent verification and validation or explain why none was done, show a table of fund obligations by prior fiscal year, estimated current year obligation, and planned carryover, list prime contractors and major subcontractors, and describe risks to cost, schedule, or performance that could cause a breach (including current risks, any failures to meet key performance parameters in last year’s operational tests, any decision to start full-rate production before key parameters were met, and any cost or schedule breaches as defined in the Coast Guard’s Major Systems Acquisition Manual).