The Green Book
CONTENTS
To view supplementary guidance and other documents associated with the new edition of the 'Green Book, Appraisal and Evaluation in Central Government' please vsit the
HM Treasury website
.
Preface
Chapter 1 Introduction and background
Introduction
When to use the Green Book
Chapter 2 Overview of appraisal and evaluation
Introduction
The appraisal and evaluation cycle
The role of appraisal
Process for appraisal and evaluation
Presenting the results
Managing appraisals and evaluations
Frameworks
Issues relevant to appraisal and evaluation
Chapter 3 Justifying action
Introduction
Reasons for government intervention
Carrying out research
Chapter 4 Setting objectives
Introduction
Objectives, outcomes, outputs and targets
Chapter 5 Appraising the options
Introduction
Creating options
Valuing the costs and benefits of options
Adjustments to values of costs and benefits
Discounting
Adjusting for differences in tax between options
Introduction to risk and uncertainty
Adjusting for bias and risks
Assessing uncertainty
Preventing and mitigating risks and uncertainty
Considering unvalued costs and benefits
Chapter 6 Developing and implementing the solution
Introduction
Selecting the best option
Developing the solution
Implementation
Chapter 7 Evaluation
Introduction
Evaluation process
Annex 1 Government intervention
Introduction
Economic efficiency
Equity
Additionality
Regeneration
Annex 2 Valuing non-market impacts
Introduction
Valuing non-market impacts
Current research/plausible estimates
Valuing environmental impacts
Annex 3 Land and buildings
Introduction
Acquisition and use of property
Leases and rents
Disposal of property
Cost effective land use
Annex 4 Risk and uncertainty
Introduction
Risk management
Transferring risk
Optimism bias
Monte Carlo analysis
Irreversible risk
The cost of variability in outcomes
Annex 5 Distributional impacts
Introduction
Distributional analysis
Analysis of impacts according to relative prosperity
Analysis of other distributional impacts
Annex 6 Discount rate
Introduction
Social Time Preference Rate
Long term discount rates
Exceptions to the discount rate schedule
Discount rate tables
Glossary
Bibliography
Index
The Green Book