|September 23, 2013
Acting upon the recommendation of the Certification Board, the AACE International Board of Directors unanimously approved the Decision and Risk Management Professional (DRMP) certification during its quarterly meeting in Denver, CO. The DRMP is designed to establish credentials that recognize professional expertise, skills and knowledge in the decision and risk management area of practice within cost engineering. It is expected that DRMP candidates will be experienced risk subject matter experts and well read in the general industry literature on recognized decision and risk management principles and practices. Registration opened, and the revised DRMP Study Guide was released, on September 1, 2013 for candidates who wish to challenge the examination.
“The introduction of the DRMP certification culminate many years of hard work from the DRMP Task Force as well as a coordinated effort among the Technical, Education and Certification Boards to provide the technical body of knowledge, educational resource materials and quality examination questions necessary to properly launch a certification of this scope,” commented AACE President John Ciccarelli, PE CCP PSP.
First DRMP Certifications Awards: The individuals receiving the initial DRMP certifications by successfully passing the beta-test conducted in December 2012 include: Chris Carson, Brian Evans, Dennis Hanks, Justyna Krzysiak, and George Ostermayer.
The Certification Board also bestowed the DRMP on the following individuals who served on the task force creating the certification: James Arrow, David Brady, Chris Caddell, Michael Curran, Larry Dysert, John Hollmann, Sagar Khadka, Maryam Nejad, David Norfleet, Rasham Prasad, John Schuyler and Kul Uppal. Both groups were honored during special ceremonies at the July 1 reception for certification holders held in conjunction with the Annual Meeting in Washington, DC.
Scope of Knowledge: Skills and knowledge tested in the examination range from analytical (e.g., statistics and modeling) to socio/psychological (e.g., risk elicitation and communication) to management (e.g. risk response planning and management). Candidates may include but are not limited to risk managers, decision and risk management consultants, capital program managers or planners, project managers, value engineers and any cost engineering professionals focusing on asset and project decision and risk management.
While it is not required, candidates will benefit from first passing the Certified Cost Profession (CCP*) examination because of the exams’ shared skills and knowledge of Total Cost Management (TCM) and cost engineering in general and economic analysis in particular. However, passing the DRMP is not a substitute for nor does it indicate achievement of the CCP*.
In order to qualify to challenge the examination, the candidate must demonstrate at least eight (8) full years of professional experience, of which up to four (4) years may be substituted by a college/university degree. Related degrees include: engineering, building construction, construction technology, business, economics, accounting, construction management, architecture, computer science, mathematics, etc.
Verification of Qualifications and Passing the Examination
DRMP candidate applications are reviewed and verified prior to an individual being eligible to sit for the examination.
Recommended Study Materials
As part of the approval of the DRMP, AACE International has published a DRMP Certification Study Guide, edited by Sean T. Regan, CCP CEP MRICS. Contributing authors included Leroy Doris; Neil Opfer, CCP CEP PSP; Ted Turner; and John Hollmann, PE CCP. Candidates may purchase the DRMP Study Guide on from AACE International for US$45 for members and US$55 for non-members.
Like all AACE certification examinations, the DRMP examination will be offered through Kryterion examination centers throughout the world and is closed book (any reference material required for a question will be provided with the exam). The exam contains four topics, to be completed within five hours, maximum, as listed below:
The passing score or mark will be the average of the multiple choice, computer based exam, and the written communication portion.
For more information regarding DRMP certification, please contact the Certification Department at Headquarters, firstname.lastname@example.org or 304-296-8444.
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*Previously known as the CCC/CCE.