The General Accounting Office has called for the US Coast Guard to update it Acquisition Schedule in keeping with the many changes that have been made to the $17 billion program that was announced in 2002.
Specifically, the report concluded:
The additional $168 million in fiscal year 2004, while allowing the Coast
Guard to conduct a number of Deepwater projects that had been delayed or
would not have been funded in fiscal year 2004, will not fully return the
GAO recommends the Coast Guard
update the original 2002 Deepwater
acquisition schedule in time to
support the fiscal year 2006
Deepwater budget submission to
the Department of Homeland
Security and Congress and at least
once a year thereafter to support
each budget submission. The
updated schedule should include
the current status of asset
acquisition phases, interim phase
milestones, and the critical paths
linking assets. In written
comments, the Coast Guard
generally concurred with GAO’s
findings and recommendation."
For a copy of the full report visit:
http://www.gao.gov/cgi-bin/getrpt?GAO-04-641