for development and sustainment over a three-year lifecycle. (3) Mitigation plans Each report submitted under paragraph (1) shall include, for each project described in the report, a plan to rectify the budget discrepancy and improve the accuracy of the budget formulation process of the Department. 3. Plan for expenditures relating to Department of Veterans Affairs information technology projects and investments (a) Plan required (1) In general The Secretary of Veterans Affairs shall submit to the appropriate committees of Congress a plan for expenditures of the Department of Veterans Affairs relating to large information technology projects and investments. (2) Contents The report submitted under paragraph (1) shall include the following: (A) Identification of each information technology project and investment planned by the Secretary for which the Secretary estimates the Department will expend or obligate $25,000,000 or more for development and sustainment over a three-year lifecycle. (B) For each such project and investment, a description of— (i) the functional and performance capabilities to be delivered and the mission benefits to be realized