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(Sep. 23) Spotlight on Recommended Practice 40R-08: Contingency Estimating - General Principles


DATE: 2025. SEP. 23



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About Recommended Practice 40R-08:

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.

 

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.

 

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 and then choose 'Get Started' to create your AACE account.

 

 

 
 

 
 

 

 

 
 
 

(© AACE International)