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Risk management guidance
This section of the website provides high-level guidance and general principles on assessing whether risks on Britain's railways have been reduced so far as is reasonably practicable (SFAIRP) and the use of cost benefit analysis (CBA) in support of safety-related decisions.
ORR has reviewed and issued revised guidance on: assessing whether risks on Britain's railways have been reduced so far as is reasonably practicable and on the use of cost benefit analysis in support of safety-related investment decisions.
As part of a review of our guidance on the use of CBA in support of safety-related investment decisions, we considered and responded to stakeholders' views following a consultation.
Last updated: 2 September 2010
Related documents
- ORR guidance on the application of the common safety method (CSM) on risk evaluation and assessment (
PDF 599 Kb). - Assessing whether risks on Britain's railways have been reduced SFAIRP ( PDF 56 Kb).
- Internal guidance on the use of cost benefit analysis as part of assessing investments which reduce health and safety risks on Britain’s railways - letter to stakeholder ( PDF 54 Kb).
- Internal guidance on cost benefit analysis (CBA) in support of safety-related investment decisions ( PDF 69 Kb).
- Reasons document - Internal guidance on cost benefit analysis (CBA) ( PDF 335 Kb).
- Discount Rates for Rail Safety Scheme Appraisals - NERA ( PDF 131 Kb).