Guidance

Orange Book

This guidance establishes the concept of risk management.

From:
Government Finance Function and HM Treasury
Published
29 May 2013
Last updated
421 MayNovember 20232024 — See all updates

Documents

Orange Book: Management of risk - Principles and Concepts (PDF 462KB)

PDF, 465 KB, 64 pages

Risk Control Framework 'Bank of Questions' AprilNovember 20232024

MS Excel Spreadsheet, 9991.96 KBMB

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Portfolio Risk Management Guidance Orange Book Annex

PDF, 1.91 MB, 24 pages

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Risk Appetite Guidance Note

PDF, 722 KB, 22 pages

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Risk Management Skills and Capabilities Framework

PDF, 3.37 MB, 22 pages

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Good Practice Guide: Risk Reporting

PDF, 637 KB, 20 pages

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Details

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.

Updates to this page

Published 29 May 2013
Last updated 421 MayNovember 20232024 + show all updates

  1. 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.

  2. Added Risk Control Framework 'Bank of Questions' April 2023 document

  3. New edition of the Orange Book and a new annex 'Portfolio Risk Management Guidance Orange Book Annex' has also added.

  4. Risk Appetite Guidance Note replaced with version 2.0

  5. The 'Good Practice Guide: Risk Reporting' has been added to the collection.

  6. The 'Risk Management Skills and Capabilities Framework' publication has been added to the collection.

  7. Added Risk Appetite Guidance Note document

  8. The Orange book has been revised.

  9. Updated with Orange Book: a high-level summary.

  10. Updated Orange book.

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