Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Tuesday, 16 October 2001, in the House of Commons. It was due for an answer on Monday, 22 October 2001. It was answered by Andrew Smith (Labour) on Monday, 22 October 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what guidelines his Department sets down on how departments should (a) assess, (b) quantify and (c) define political risk in public private partnerships; and if he will make a statement. - Includes ref to 'Appraisal and Evaluation in Central Government' and 'Management of Risk: a Strategic Overview', copies in Library (Dep 01/1803).

Answer: Matthew Taylor: To ask the Chancellor of the Exchequer what guidelines his Department sets down on how Departments should (a) assess, (b) quantify and (c) define political risk in public-private partnerships; and if he will make a statement. [8605] Mr. Andrew Smith: In assessing programmes, policies and projects, it is important that Departments take proper account of all risks likely to affect achievement of their requirements. General Treasury guidance on risk assessment in the context of investment appraisal for all types of projects, including those taken forward by way of public-private partnerships, is set out in "Appraisal and Evaluation in Central Government" published by the Stationery Office. In addition, the Treasury has published general guidance on the strategic management of risk, including political risk, in "Management of Risk: a Strategic Overview". Copies of both publications are available in the Library of the House.

Secondary information

Type: Written question
Reference: 8605; 373 c62W
Session: 2001-02
Subjects: Contracts Private sector Public sector Public private partnerships
Link: View this Written question on www.publications.parliament.uk