2021-04 Meeting

 

Meeting Summary
Date:	Thursday, April 8th, 2021
Time:	6:30 p.m. Virtual Networking  6:45 p.m. Business Mtg/Announcements  7:00 p.m. Technical Presentation
	Please Note: This is a Live Webinar Technical Presentation
Location:	Zoom or Teams Meeting
Program:	Primary Tenets of Risk Management Preview of the new Project Risk Management Professional (PRMP) AACE certification
Speaker:	David A, Norfleet, CCP, CFCC, DRMP Deputy Project Manager, Risk and Contracts Management HNTB Corporation / Chair for the AACE International Decision and Risk Management Professional (DRMP) certification program.
RSVP/Questions:	[Click here ] to e-mail.

Technical Program:    Primary Tenets of Decision & Risk Management

AACE 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.

Speaker:   David A, Norfleet, CCP, CFCC, DRMP
                  Deputy Project Manager, Risk and Contracts Management
                  HNTB Corporation

David is a seasoned infrastructure professional and a certified risk management expert. He has nearly 40 years of experience in cost engineering and project management disciplines spanning transit, transportation, design, construction, environmental, manufacturing, aerospace, and government contracting industries. Some notable projects include: construction of the Space Shuttle launch complex; manufacture of the Titan IV space launch vehicle; decommissioning and decontamination of the Rocky Flats Nuclear Weapon Plant; development of Explorer aircraft, an innovative single-engine airplane; JFK airport redevelopment; California High Speed Rail Program; Elon Musk’s Boring Company tunnel project at the Ontario, CA airport; and the I-94 modernization in Detroit, MI, which is currently the largest highway project in the country.

David is at the forefront of risk management concepts having served on the Decision & Risk Management Professional (DRMP) certification development task force. He is currently leading an effort to introduce AACE’s new Project Risk Management Professional (PRMP) certification. He regularly drafts and updates recommended practices, peer-reviews papers, and grades examinations of others seeking certification. His research, training, and expertise make him a national resource for both risk management training and implementation. His most recent publications include Owner’s Risk in a Public-Private Partnership Project (2015), Practical Integration of Risk Management and Quality Management Processes (2016), and Some Key Points of Contingency Drawdown Curves, (2019).

RSVPs must be received on or before 5pm on Wednesday, 07-April 2021.  Your friends and colleagues are always welcome; membership in AACE is not required.

In the event that you must cancel your reservation, please inform us at least 24 hours before the meeting.

Click here to RSVP before end of business day Wednesday, 04/07/2021.

Please register by Wednesday 04/07/2021, and an invitation including the Webinar link will be e-mailed to you. For AACE members who hold professional certifications, Webinar attendance counts toward renewal points as long as online attendance for the entire presentation is verified.