AACE-DRMP Exam Information and Outline
Decision & Risk Management Professional (DRMP)
Syllabus Update Checked on: November 3, 2026
AACE-DRMP Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official AACE-DRMP exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AACE.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- 119 multiple-choice and compound scenario questions plus one memo-writing assignment
- Duration: up to 5 hours; closed book
- Battery-operated calculator permitted
- Passing score: 70% average across all domains
- Domain 1: Basic Cost Engineering, Statistics & Economic Analysis (42 questions)
- Cost engineering fundamentals and the TCM framework
- Probability theory and probability distributions
- Descriptive statistics, correlation and regression
- Engineering economics: time value of money, NPV, IRR
- Cost estimating and schedule fundamentals
- Domain 2: Decision & Risk Practices (35 questions)
- Decision analysis process and decision quality
- Decision trees and expected value
- Utility theory and risk attitude
- Value of information
- Monte Carlo simulation and range estimating
- Sensitivity analysis and tornado diagrams
- Cognitive biases and expert elicitation
- Domain 3: Risk Management (42 questions)
- Risk management process and planning
- Risk identification and risk breakdown structure
- Qualitative risk analysis: probability-impact matrices
- Quantitative risk analysis: cost and schedule risk analysis
- Contingency determination and management
- Risk response planning and risk treatment
- Risk monitoring, control and reporting
- Enterprise and portfolio risk management
- Domain 4: Communication (memo assignment)
- Writing a professional memo based on a given scenario
- Communicating risk and decision analysis results to stakeholders