- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 30 Oct 2020
The Green Book, Central Government Guidance On Appraisal And Evaluation, Published by HM Treasury in 2018, defines risk costs as: ‘…the costs of avoiding, transferring or mitigating risks associated with a specific project, programme or policy. The costs of risk mitigation are based on a combination of likelihood of a risk materialising and its cost.’
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