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OMB Memorandum M-07-24, Updated Principles for Risk Analysis (Sept. 19, 2007) (full-text).
This an updated memorandum outlining principles for conducting analyses of health, safety, and environmental risk.
This memorandum is one aspect of the OMB's efforts to improve the quality of the information which the federal government produces and relies on. It reflects the recommendation by the National Academy of Sciences that OMB outline goals and general principles to increase the quality, objectivity, and utility of Federal agency risk analyses. This update was intended to make it easier for agencies to adhere to these well-established principles.
Like the 1995 memo, the updated principles are divided into five parts: general principles, principles for risk assessment, principles for risk management, principles for risk communication, and principles for priority setting.