By Panel on Methods and Techniques of Project Analysis, National Research Council
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Extra info for Analytical Methods And Approaches For Water Resources Project Planning
In 1973, the National Water Commission concluded, “[t]he Council’s potential for leadership in policymaking and in planning activities has not been realized” (NWC, 1973). Despite these alleged failings and criticisms, many experts and study commissions have promoted reinstituting the organization in order to coordinate the growing number of water-related programs and policies. Office of Management and Budget In every administration, the Office of Management and Budget (OMB) has played a significant role in prioritizing water resources projects.
One of the heroic efforts of the United States Congress to control its own bad habits” (Porter, 1996). The act states: […] the federal government should improve or participate in the improvement of navigable waters or their tributaries, including watersheds thereof, for flood control purposes if the benefits to whomsoever they accrue are in excess of the estimated costs, and if the lives and social security of people are notherwise adversely affected. Following passage of the 1936 act, several policy and planning milestones have affected ways in which benefits and costs are calculated within Corps planning studies.
It can help illustrate the tradeoffs that are inherent in public policymaking as well as make those tradeoffs more transparent. It can also help agencies set regulatory priorities. Benefit-cost analysis should be used to help decisionmakers reach a decision. Contrary to the views of some, benefit-cost analysis is neither necessary nor sufficient for designing sensible public policy. If properly done, it can be very helpful to agencies in the decisionmaking process. Benefit-cost analysis should be required for all major regulatory decisions, but agency heads should not be bound by a strict benefit-cost test.
Analytical Methods And Approaches For Water Resources Project Planning by Panel on Methods and Techniques of Project Analysis, National Research Council