Our Vision To be recognized technical authority in cost and schedule management for programs, projects, products, assets, and services. Our Mission The members of AACE enable organizations around the world to achieve their investment expectations by managing and controlling projects, programs, and portfolios; we create value by advancing technical knowledge and professional development.

TITLE: AACE Section Joint Technical Session: Decision & Risk Management 101 & a preview of the upcoming AACE International Project Risk Management Professional (PRMP) certification


The word “risk” means different things to different people. There is risk according to insurance industry underwriting; there is an entirely different meaning among the financial and investment community. There are also safety, threat, and vulnerability risks, in addition to enterprise risks, just to mention a few. Within AACE we have narrowed our focus to cover two primary categories of risk: the risks associated with business decisions when committing capital resources for asset investments, and the risks associated with the planning, design, construction, operations, and maintenance of specific projects. The focus of this presentation will be on the latter, which in the broader sense is referred to as project risk management.

Within the field of project risk management, it is important to understand that there are necessary distinctions among the responses of various project personnel to the risk management process. The roles and responsibilities, as well as the level of expertise, are different for project managers, project control personnel such as estimators and schedulers, and the risk manager. These individuals should understand what they need to know regarding their individual roles in a comprehensive risk management program

This presentation will introduce the primary tenets of risk management and discuss how the varying roles of project personnel work together to complement each other within the overall risk management process. It will take a look at the new AACE certification requirements for a

Project Risk Management Professional (PRMP), scheduled for introduction at the June 2021 AACE International Conference & Expo.


David Norfleet

Deputy Project Manager, Risk and Contracts Management

LOCATION: (Virtual)


April 08th, 2021 @ 3:30pm to 5:00 pm. PDT

Please Register to joinDecision & Risk Management 101 & Project Risk Management Professional Cert. Tickets, Thu, Apr 8, 2021 at 6:30 PM | Eventbrite

NOTE: Make sure you are not simultaneously using the Phone and Laptop Mic, this will result to having an echo.

VIDEO: Once logged in to the Webinar, please turn off your camera since this will delay any shared video by the speaker

PLEASE NOTE: If you would like to be added to the Seattle Section's mailing list to receive future notices about our meetings and events, please contact one of the presiding Officers or Directors. Visit the AACE Seattle Section on our new website at www.aaceseattle.org Anybody interested in budget control, claims management, cost engineering, cost estimating, earned value management, planning and scheduling, project control, project management, value engineering, or risk management in any industry is cordially invited. AACE Seattle Section normally meets the 2nd Thursday of each month from September through June (excluding December). Each meeting with a technical presentation qualifies for .25 Continuing Education Units (CEUs).