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I I I I I I I I I during the feasibility phase of the project, as part of the plan formulation process prior the selection of final alternatives. The criteria for Value Engineering are spelled out in EC 11-1-114 "Army Programs Value Management I Value Engineering", which covers current applications of the methodology under the Project Management Business Process, The basis for the current Value Engineering process is mandated by Public Laws 104-106, Section 4306 (1996) and Public Law 99-662, Section 911 (1986). For this General Investigation Study, this means that a Value Management Plan will be developed to make sure that Value Management I Value Engineering tasks are properly scheduled and staffed during the Feasibility Phase, During this phase, a Value Engineering Officer will become part of the PDT, The purpose of the VE Officer is to make sure that VE activities are accomplished and the appropriate documentation prepared, During the feasibility phase, at least one VE study will be conducted as part of the plan formulation process, prior to the selection of the final alternative, 15. CLOSEOUT. 15. 1 Delineation of Phases a, RECONNAISSANCE PHASE: The Reconnaissance Phase is completed when the Sponsor and the Omaha District Commander sign the Feasibility Cost Share Agreement. If, for any number of reasons, further analysis is not recommended and the study is terminated, the Corps will provide the Sponsor with all the data and results of the 905(b) analysis, b, FEASIBILITY PHASE: The Feasibility Phase is completed with closeout of the study and its activities, including but not limited to completion of the feasibility report, checking of contractor performance, evaluations of the process, seeing the feasibility report through Washington level review, and fiscal completion, ," The PM is responsible for closeout; however, the required actions may require participation of the PDT members, especially for closeout of financial cost accounts, The closeout would also apply in situations where the project might be terminated. All outstanding obligations and commitments will need to be cleared, The Sponsor's PDT member responsible for keeping financial records will assist the PM in carrying out an audit of feasibility study cost expenditures, including funds used for contracted services and those for in-kind services. The PM shall also insure that all contracted services products have been accepted prior to making any final payments. Omaha District procedures for closeout shall follow standard operation procedures. The amounts of Federal and non,Federal costs will be determined and a balancing of expenditures based on the approved study cost share ratio will be determined. The 27