Introduction:

Real estate project management is a critical aspect of the real estate industry that ensures successful development, from concept to completion. This 5-day course provides a comprehensive overview of the key principles, strategies, and tools used in managing real estate projects, with a focus on project planning, budgeting, team coordination, risk management, and project execution. Participants will gain valuable insights into the real estate development lifecycle, from site selection and financing to design, construction, and marketing. By the end of the course, attendees will have the skills and knowledge necessary to manage real estate projects effectively, delivering high-quality, on-budget, and on-time results.

Objectives:

By the end of this course, participants will:

1. Understand the real estate project management process, including key phases and stakeholders.
2. Learn effective project planning, scheduling, and resource management techniques.
3. Gain the ability to create realistic budgets, financial models, and funding strategies.
4. Understand the importance of risk management in real estate development.
5. Learn to manage construction processes and contractor relationships.
6. Gain insights into marketing strategies and post-construction operations.
7. Understand the legal, regulatory, and environmental factors influencing real estate projects.
8. Develop the skills needed to lead diverse project teams and manage multiple stakeholders.

Who Should Attend:

This course is ideal for professionals involved in the real estate development process, including:

• Real Estate Project Managers and Coordinators
• Property Developers and Investors
• Architects, Engineers, and Construction Managers
• Real Estate Consultants and Analysts
• Contractors and Subcontractors
• Legal Advisors in Real Estate
• Students and Aspiring Professionals in Real Estate Development

Course Outline:

Day 1: Introduction to Real Estate Project Management

• Session 1: Overview of Real Estate Project Management
  • The Role of Project Management in Real Estate Development
  • Key Phases of a Real Estate Project: Concept, Design, Construction, and Post-Construction
  • The Importance of Stakeholder Management: Investors, Developers, Contractors, and Authorities
• Session 2: Project Life Cycle and Phases
  • Conceptual Phase: Feasibility Studies, Market Research, and Site Selection
  • Design Phase: Architectural Design, Zoning, and Regulatory Approvals
  • Construction Phase: Project Execution, Budgeting, and Scheduling
  • Post-Construction: Marketing, Leasing, and Property Management
• Session 3: Key Roles in Real Estate Project Management
  • The Project Manager’s Responsibilities and Key Skills
  • Managing Cross-Functional Teams: Collaboration between Designers, Contractors, and Developers
  • Communication and Reporting Tools for Project Management
• Activity: Group Discussion – Analyzing the Phases of a Real Estate Project and Identifying Stakeholder Involvement

Day 2: Project Planning and Scheduling

• Session 1: Project Planning Fundamentals
  • Setting Clear Objectives and Deliverables
  • Defining Scope, Timelines, and Milestones for Real Estate Projects
  • Tools and Software for Project Planning and Scheduling (e.g., MS Project, Primavera)
• Session 2: Construction Scheduling and Gantt Charts
  • Breaking Down the Project into Tasks and Assigning Resources
  • Understanding Critical Path and Float in Project Schedules
  • Monitoring Project Progress: Key Performance Indicators (KPIs) and Milestone Tracking
• Session 3: Resource and Task Management
  • Optimizing Resource Allocation: Labor, Equipment, and Materials
  • Managing Project Dependencies and Risks
  • Using Project Management Software to Track Progress
• Activity: Hands-on Exercise – Creating a Gantt Chart for a Real Estate Development Project

Day 3: Budgeting, Financial Management, and Risk Management

• Session 1: Real Estate Project Budgeting
  • Creating a Realistic Project Budget: Estimating Costs for Design, Construction, and Marketing
  • Cost Control: Managing Overruns and Adjusting Budgets
  • Financial Forecasting and Cash Flow Management
• Session 2: Funding Strategies for Real Estate Projects
  • Sources of Financing: Equity, Debt, Government Grants, and Joint Ventures
  • Structuring Financing for Large-Scale Projects
  • Developing Financial Models and Profitability Assessments (IRR, NPV, ROI)
• Session 3: Risk Management in Real Estate Projects
  • Identifying and Assessing Risks: Financial, Legal, Environmental, and Market Risks
  • Developing Mitigation Strategies and Contingency Plans
  • Insurance and Legal Protections for Real Estate Projects
• Activity: Case Study – Creating a Risk Management Plan for a Real Estate Project

Day 4: Construction Management and Contractor Relationships

• Session 1: Construction Project Management
  • Managing the Construction Phase: Procurement, Budgeting, and Scheduling
  • Quality Control and Ensuring Compliance with Standards and Regulations
  • Handling Construction Delays and Change Orders
• Session 2: Managing Contractors and Subcontractors
  • Selecting the Right Contractors for the Job: Prequalification and Tendering
  • Contract Types: Lump Sum, Cost-Plus, and Time-and-Materials
  • Monitoring Performance and Enforcing Contract Terms
• Session 3: Communication and Coordination with Stakeholders
  • Coordinating with Internal and External Stakeholders
  • Conflict Resolution and Managing Disputes
  • Reporting to Investors, Clients, and Regulatory Authorities
• Activity: Group Role-play – Managing a Contractor Negotiation and Ensuring Project Deliverables

Day 5: Marketing, Leasing, and Post-Construction Operations

• Session 1: Marketing Real Estate Projects
  • Understanding Market Trends and Target Demographics
  • Developing a Marketing Plan for Residential, Commercial, or Mixed-Use Properties
  • Branding, Advertising, and Sales Strategies for New Developments
• Session 2: Leasing and Property Management
  • Lease Negotiation and Tenant Relations
  • Managing Property Operations: Maintenance, Security, and Amenities
  • Transitioning from Construction to Occupancy and Managing Post-Occupancy Issues
• Session 3: Evaluating and Closing the Project
  • Final Inspections, Project Handover, and Final Reporting
  • Post-Construction Analysis: Measuring Success and Lessons Learned
  • Closing the Project: Ensuring All Legal and Financial Requirements Are Met
• Activity: Final Project – Developing a Comprehensive Marketing Plan for a Completed Real Estate Project

Course Delivery:

• Interactive Lectures: Engaging presentations and discussions on each stage of real estate project management.
• Case Studies: Real-world examples of successful and challenging projects to analyze key concepts.
• Hands-on Exercises: Practical tasks to apply project management tools such as Gantt charts, financial models, and risk management plans.
• Group Discussions and Workshops: Collaborative sessions to foster problem-solving and knowledge-sharing.
• Q&A Sessions: Open forums for participants to ask questions and discuss challenges faced in real-world projects