Course description
What makes a successful development? Who is involved and what are their expectations? Will the building stand the test of time? In order to answer these questions and provide a successful development strategy you need to understand the fundamentals of the development process, from the initial concept through to deciding to build the scheme.
Upcoming start dates
1 start date available
Training content
Part 1 - Development Risk: Play or Pass?
- A consideration of the development phases
- Developer Stakeholder
- Stakeholder Relationship and Risk transfer
- Common Development Risks
- Procurement strategy
Part 2 - Development Valuation Techniques
- Development Appraisals
- Comparison
- Residual Method
- Cash Flow
- Discounted Cash Flow
Part 3 - Risk Analysis and Development Funding
- Risk analysis
- Sensitivity analysis
- Probability analysis
- Mitigating Risk
- Development finance
- Project Funding
- Corporate Funding
- The Capital Stack
- Forward Sale
- Forward Funding
Certification / Credits
Learning outcomes
- Identify the fundamentals of the development process and the valuation of development land.
- Manage the process, up to the start of construction, either as an agent, other advisor or as the developer.
- Recognise the interactions between the different issues at the various stages of the development management process.
- Assess different methods of valuing development land and when to use the different types of appraisals.
- Recognise the different methodologies for the assessment of both project and financial risk.
- Analyse types of development finance and how they can be accounted for in the valuation.
Quick stats about RICS?
Established for over 150 years
130,000+ qualified and trainee professionals
Training available in 5+ formats
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The Royal Institution of Chartered Surveyors
Parliament Square
SW1P 3AD London
The Royal Institution of Chartered Surveyors (RICS)
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