The Orange Book - Management of Risk - Principles and Concepts

This guidance is intended to be useful to:
1. those who are new to risk management and those who are tasked with providing training on risk management in their organisations, both of whom will find it useful as a key introductory document;
2. those who are concerned with the review of risk management arrangements (such as Audit Committees) as a resource providing a comprehensive statement of principles against which actual risk management processes can be evaluated;
3. senior staff whose leadership is vital if an appropriate culture is to be generated in which risk management can be effective;
4. operational level staff who manage day to day risks in the delivery of the organisations objectives and who will find it a practical support in the actual management of risk; and
5. those who are experienced in risk management, for whom this guidance explores more difficult concepts such as risk appetite.