Author Description

This edition of the Decision and Risk Management Professional (DRMP) Certification Study Guide is an update of the 2013 edition to DRMP Certification Study Guide and provides references to the technical body of knowledge generated by AACE International community in the field of decision and risk management through December 2023.<br/>Since the first edition, the following resources have been updated and/or added to technical body of knowledge at AACE International: 13 existing RPs that were referenced in the 2013 DRMP Certification Study Guide been updated. 20 new RPs have been added that are related to cost and schedule risk analysis, including contract change management. Four new AACE International Recommended Practices related in the field of decision analysis and management, out of which: 85R-14: Use of Decision Tree in Decision Making, published, 131R-23, Introduction to Fault Tree Analysis for Projects (Currently under review by Technical Board for Publication), 133R-23, Using Decision Analysis Methodologies to Enhance Decision Quality (Currently under review by Technical Board for Publication). RM-16 Tools and Methodologies for Developing Decision Support Packages (currently under review by DRM Subcommittee) Two new AACE International Professional Guidance Documents. Professional Guidance Document PGD 02: Guide to Cost Estimate Classification (August 2022. This is a living document and subject to change as new RPs become available: Professional Guidance Document No. 01 - Guide to Cost Estimate Classification Systems (aacei.org). Professional Guidance Document PGD 02: Guide to Quantitative Risk Analysis (August 2022. This is a living document and subject to change as new RPs become available: Professional Guidance Document No. 02 - Guide to Quantitative Risk Analysis (aacei.org). Other reference materials such as ISO Guide, NDIA EIA-748 Intent Guide, SAVE International’s Value Methodology Glossary of Terms have also gone through their respective revisions. Acco