Risk management

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.

We have 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.