; and (B) the Committee on Appropriations of the House of Representatives and of the Senate. (10) The term Component Acquisition Executive means the senior acquisition official within a component who is designated in writing by the Under Secretary for Management, in consultation with the component head. (11) The term life cycle cost means the total ownership cost of an acquisition, including all relevant costs related to acquiring, deploying, operating, maintaining, and disposing of the system, project, or product over a specified period of time. (12) The term major acquisition program means a Department capital asset, services, or hybrid acquisition program that is estimated by the Secretary to require an eventual total expenditure of at least $300,000,000 (based on fiscal year 2020 constant dollars) over its life cycle or a program identified by the Chief Acquisition Officer as a program of special interest. (13) The term non-major acquisition program means a Department capital asset, services, or hybrid acquisition program that is estimated by the Secretary to require an eventual total expenditure of less than $300,000,000 (based on fiscal year 2020 constant dollars) over its life cycle. . (b) Clerical amendment The table of contents in section 1(b) of such Act is further amended by inserting before the item relating to section 831 the following new item: 830. Definitions. . 302. Acquisition authorities for Office of Program Accountability and Risk Management (a) In general Subtitle A of title VII of the Homeland Security Act of 2002 ( 6 U.S.C. 341 et seq.), as amended by this Act, is further amended by adding at the end the new section following: 723. Office of Program Accountability and Risk Management (a) Establishment of office Within the Management Directorate, there shall be a Program Accountability and Risk Management office to— (1) provide consistent accountability, standardization, and transparency of acquisition programs of the Department