Coast Guard Improved Acquisition Portfolio Management Could Help Address Aging Assets and Capability Gaps Statement of Marie A. Mak, Testimony Before the Subcommittee on Coast Guard and Maritime Transportation, Committee on Transportation and Infrastructure, House of Representatives [open pdf - 1MB]
"The Coast Guard, a component within DHS [Department of Homeland Security], is spending billions of dollars to acquire assets, such as cutters and aircraft. This portfolio of major acquisition programs is intended to help the Coast Guard accomplish its missions--including interdicting illegal drugs and search and rescue missions. GAO's [Government Accountability Office] extensive prior work on Coast Guard acquisitions has found that the Coast Guard's reliance on its annual budget process to manage its portfolio is a major management challenge. In the report issued today, GAO discusses particular challenges with the Coast Guard's approach in managing its acquisition portfolio, such as not performing a collective assessment of the portfolio to ensure affordability"
Government Accountability Office (GAO): http://www.gao.gov/