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This guidance establishes the concept of risk management and provides a basic introduction to its concepts, development and implementation of risk management processes in government organisations.
It should be read and used in conjunction with the other publications such as the Green Book which provides specific advice on appraisal and evaluation.
Added a new attachment - A Quick Guide: Central Government's Assurance Directory. A document supporting the newly added CGAD (also attached in this document).
24 April 2025
The former Risk Management bank of questions has been replaced with the Central Government's Assurance Directory.
21 November 2024
Update to the Risk Control Framework ‘bank of questions’ excel tool 2024 on Gov.uk to incorporate updates to some of the sections as follows:
a. Part 1 – extension of Orange Book risk questions;
b. an addition of a new section to cover UK Sanctions;
c. general update to the spreadsheet to ensure references remain valid and link to latest versions of documents; and
d. minor format changes, for example, change to contents pages and change to HMTreasury logo.
4 May 2023
Added Risk Control Framework 'Bank of Questions' April 2023 document
4 May 2023
New edition of the Orange Book and a new annex 'Portfolio Risk Management Guidance Orange Book Annex' has also added.
23 August 2021
Risk Appetite Guidance Note replaced with version 2.0
16 August 2021
The 'Good Practice Guide: Risk Reporting' has been added to the collection.
9 August 2021
The 'Risk Management Skills and Capabilities Framework' publication has been added to the collection.