Analytical Methods and Approaches for Water Resources Project Planningis part of a larger study that was conducted in response to a request from the U.S. Congress in the Water Resources Development Act of 2000 for the National Academy of Sciences to review the U.S. Army Corps of Engineer's peer review methods and analytical approaches. This report reviews the Corps' analytical procedures and planning methods, largely in the context of the federal Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation Studies, also known as the Principles and Guidelines or "P and G" (P&G), as well as the Corps' Planning Guidance Notebook (PGN). Table of ContentsFront MatterExecutive Summary1 Corps of Engineers Missions, Projects, and Planning2 Federal Water Resources Planning Objectives and Guidance3 Assessing Benefits and Costs of Corps Projects4 Stakeholder Participation5 Engineering6 A New National Water Management Framework7 Revising Corps of Engineers Planning Studies8 EpilogueReferencesAppendix A: Water Resources Development Act 2000Appendix B: Corps Division and DistrictsAppendix C: Office of Management and Budget Guidance on Nonmarket Valuation TechniquesAppendix D: Analysis of Nonstructural Flood Damage ReductionAppendix E: Army Corps of Engineers Planning Center of ExpertiseAppendix F: RostersAppendix G: Biographical Information of Panel Members and Staff