Unlock Your Expertise with the Relaunch of the Decision & Risk Management Professional (DRMP) Certification Exam

The AACE International Certification Institute’s Certification Board is excited to announce that the DRMP certification examination is officially open for registration after a two-year restructuring. This expertise-level certification, long considered a benchmark for excellence in cost engineering and project controls, has been reimagined to reflect our profession’s evolving landscape better and ensure it continues to set a high standard for professional expertise.

The decision to pause the exam was to provide time and devote resources to update the content and structure since launching AACE’s Project Risk Management Professional (PRMP), the professional level certification in 2021 – which was borne out of the DRMP exam. During the restructuring period, the DRMP Committee worked closely with leading experts and industry partners to ensure the restructured certification remains relevant in today’s dynamic risk management environment that reaches numerous industries.

Find out what's new and improved when you read more.

Unlocking the Power of Probabilistic Cost Estimation for Smarter Decision-Making

Join us at 11AM EST (US) on 14 November for this free webinar exploring the benefits of probabilistic cost estimation over traditional deterministic approaches. We'll highlight how probabilistic models, unlike single-value estimates, provide a more comprehensive understanding of cost uncertainties, leading to better risk management. The session will introduce Monte Carlo simulations, a powerful tool for generating a range of possible outcomes by accounting for variability in key cost drivers. Learn how to estimate cost ranges and probabilities using parametric models and expert opinions to better reflect real-world complexity. Discover how to extract actionable insights from probabilistic analyses to inform decision-making and improve project planning. Additionally, we will demonstrate methods to calculate contingency reserves, ensuring adequate buffer for potential risks.

This event is free, but registration is required. Attendees will receive 0.1 CEUs. This webinar is sponsored by Lumivero.

RP Spotlight Webinar: RP 115R-21

Join us at 11AM EST (US) on 20 November for this free webinar. This recommended practice provides guidelines to both owners and service providers for applying the principles of estimate classification specifically to project estimates for engineering, procurement, and construction (EPC) or other contractual arrangements and execution venues, and their related work in ongoing or developing nuclear power related projects. It supplements the generic cost estimate classification RP 17R-97. Shoshanna Fraizinger, CCP is the presenter and David Emanuel is the host.

This event is free, but registration is required. Attendees will receive 0.1 CEUs. This webinar is sponsored by Riskonnect

Region 3 Southeast Symposium: Registration Open

We are pleased to announce the Region 3 Southeast Symposium: February 20, 2025 at the Grand Hyatt Tampa Bay! Attendees participate in a variety of technical presentations, collaborative discussion sessions, and workshops in project management and program delivery, total cost management, and risk management. Our speakers will include owners and executives from the public and private sectors, and professionals in a wide variety of industries.

Registration is now open!

Meet New Members:

Nick Garvey and Lee Vandevort

Hailing from the UK, Nick has progressed from a quantity surveyor to a senior commercial manager at Mace Consult.

Fun fact: He has traveled extensively for work, visiting places like Hong Kong and Australia, and is eager to visit North America next!

As an AACE member, he appreciates the networking opportunities and resources that keep him connected to the industry.

A life-long Californian, Lee Vandevort is a mover and a shaker in the construction claims industry.

Fun fact: Lee first joined AACE in the 1980s!