Global Learning for Operational Leaders
Course CM-038
Real Estate Development Feasibility and Financial Viability
Many development projects run into difficulty because the original feasibility study was optimistic, incomplete or never... The outline covers The Development Process and Feasibility, Site and Market Analysis, The Develo...
- 5 daysClassroom or online
- 14Upcoming dates
- 6Cities
- €1,978Fees from
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Many development projects run into difficulty because the original feasibility study was optimistic, incomplete or never properly tested. A rigorous feasibility process protects capital, improves design decisions and strengthens the case with investors and lenders.
This course takes participants through a complete development feasibility study, from site and market analysis to the development budget, phasing, financing and viability testing. Participants learn how to judge whether a project is worth pursuing and how to present the results with confidence.
What you will achieve
Learning objectives
- Structure a complete real estate development feasibility study
- Analyse sites, planning constraints and market demand
- Prepare a development budget covering land, construction, fees and finance
- Assess development profit, return on cost and IRR
- Test viability through sensitivity analysis and phasing options
- Present a clear go or no-go recommendation
Who should attend
Target audience
- Development managers and project directors
- Real estate investment and planning professionals
- Architects, engineers and consultants involved in development
- Finance managers in development companies
- Government officers who assess development proposals
Methodology
Learning approach
- Expert briefings on each stage of a feasibility study
- Spreadsheet exercises to build a development appraisal
- Case studies of successful and unsuccessful developments
- Group work on a complete feasibility study
- Final presentation of feasibility findings
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
The Development Process and Feasibility
- Stages of real estate development
- The purpose and scope of a feasibility study
- Stakeholders: landowners, investors, lenders and authorities
- Coffee break
- Stakeholders: landowners, investors, lenders and authorities (continued)
- Common causes of development failure
- Setting the feasibility framework
Day 2
Site and Market Analysis
- Site analysis: location, access, constraints and utilities
- Planning, zoning and permitted uses
- Market research: demand, supply and competition
- Coffee break
- Market research: demand, supply and competition (continued)
- Defining the product mix and target customers
- Pricing and absorption assumptions
Day 3
The Development Budget
- Land acquisition costs and transaction fees
- Construction cost estimating
- Professional fees, permits and contingencies
- Coffee break
- Professional fees, permits and contingencies (continued)
- Marketing and sales costs
- Finance costs and the development timeline
Day 4
Viability and Returns
- Gross development value and development profit
- Return on cost, profit on value and IRR
- Phasing and cash flow over the project life
- Coffee break
- Phasing and cash flow over the project life (continued)
- Sensitivity and scenario testing
- Residual land value and maximum land bid
Day 5
Decision and Presentation
- Risk assessment and mitigation
- Funding structures and lender requirements
- Writing the feasibility report
- Coffee break
- Writing the feasibility report (continued)
- Case study: full feasibility and recommendation
- Personal action plan
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Real Estate Development Feasibility and Financial Viability. Can't find your answer?
What does Real Estate Development Feasibility and Financial Viability (CM-038) cover?
This course covers Construction Management through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Development managers and project directors, Real estate investment and planning professionals, Architects, engineers and consultants involved in development
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Rome, Istanbul, Barcelona, Geneva, Munich, Amsterdam.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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