124 STAT. 2948 PUBLIC LAW 111–281—OCT. 15, 2010 performance threshold or parameter under the acquisition pro- gram baseline. ‘‘(b) CONTENT.—The report submitted under subsection (a) shall include— ‘‘(1) a detailed description of the breach and an explanation of its cause; ‘‘(2) the projected impact to performance, cost, and schedule; ‘‘(3) an updated acquisition program baseline and the com- plete history of changes to the original acquisition program baseline; ‘‘(4) the updated acquisition schedule and the complete history of changes to the original schedule; ‘‘(5) a full life-cycle cost analysis for the capability or asset or class of capabilities or assets; ‘‘(6) a remediation plan identifying corrective actions and any resulting issues or risks; and ‘‘(7) a description of how progress in the remediation plan will be measured and monitored. ‘‘(c) SUBSTANTIAL VARIANCES IN COSTS OR SCHEDULE.—If a likely cost overrun is greater than 20 percent or a likely delay is greater than 12 months from the costs and schedule described in the acquisition program baseline for any Level 1 or Level 2 acquisition project or program of the Coast Guard, the Commandant shall include in the report a written certification, with a supporting explanation, that— ‘‘(1) the capability or asset or capability or asset class to be acquired under the project or program is essential to the accomplishment of Coast Guard missions; ‘‘(2) there are no alternatives to such capability or asset or capability or asset class that will provide equal or greater capability in both a more cost-effective and timely manner; ‘‘(3) the new acquisition schedule and estimates for total acquisition cost are reasonable; and ‘‘(4) the management structure for the acquisition program is adequate to manage and control performance, cost, and schedule. ‘‘§ 576. Acquisition approval authority ‘‘Nothing in this subchapter shall be construed as altering or diminishing in any way the statutory authority and responsibility of the Secretary of the department in which the Coast Guard is operating, or the Secretary’s designee, to— ‘‘(1) manage and administer department procurements, including procurements by department components, as required by section 701 of the Homeland Security Act of 2002 (6 U.S.C. 341); or ‘‘(2) manage department acquisition activities and act as the Acquisition Decision Authority with regard to the review or approval of a Coast Guard Level 1 or Level 2 acquisition project or program, as required by section 16 of the Office of Federal Procurement Policy Act (41 U.S.C. 414) and related implementing regulations and directives. ‘‘SUBCHAPTER III—DEFINITIONS ‘‘§ 581. Definitions ‘‘In this chapter: Certification.
