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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