About Recommended Practice 63R-11:

This recommended practice (RP) of AACE International defines the expectations, requirements, and practices for risk treatment. This RP follows the steps identified in RP 62R-11, Risk Assessment Identification and Qualitative Analysis. In this process, an action owner is assigned who, working with the risk team, is responsible for devising and implementing risk response plans for those risks that were not deem acceptable in the qualitative analysis screening step. It expands on TCM Framework section 7.6.2.3 Risk Treatment and leads into 7.6.2.4 Risk Control. provides example language for specific topics that should be addressed in any specification. Additional details on the topics and requirements listed in this document are covered in the referenced RPs. This RP does not focus on a particular scheduling methodology; however, certain scheduling methodologies may necessitate specific and/or different requirements.

About AACE Recommended Practices:

The AACE International Recommended Practices (RPs) are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board. RPs are intended to be the main technical foundation of AACE educational, and certification products and services. All RPs are available to AACE members free of charge.

We would like to thank our sponsor, Riskonnect, for hosting this webinar. Their continued support helps us bring valuable insights and resources to our professional community.

About our Sponsor - Riskonnect

Riskonnect is the leading integrated risk management software solution provider. Their technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise.

Riskonnect’s integrated risk management platform consolidates data, connects risks, and illustrates their relationships. Powering our growing suite of risk management applications is our unique risk-correlation engine that helps our customers understand risk at a level they can’t get anywhere else. It’s no wonder that more organizations choose Riskonnect than any other vendor as their preferred risk management technology provider.

NOTE: The webinar is free, but registration is required. CEUs will be available for both members and nonmembers. You will need to create an AACE International account prior to registering if you do not already have one. Click here and then choose 'Get Started' to create your AACE account.