In this course we will focus on how Project Managers of complex real estate developmentscarry out their responsibilities. The Project Manager is the individual responsible for the strategy, tactics and implementation of a real estate project. Often the Project Manager is the Developer and Owner.  We will cover such topics as:

• Identifying and Assessing Complex Opportunity
• Planning the Complex Project
• Projecting the Economics
• Approaching Lenders and Partners Effectively
• Dealing with Public Issues and Responsibilities
• Managing the Project Team

The course syllabus is available on the Web-site and icampus It links to materials and assignments for each class. It is frequently updated, so please refer to it often. There is a lot to prepare for each class, and a lot to hand in at, and after, each class. In most cases, you may submit assignments electronically, as defined in the assignment sheets. To meet the needs of speakers and to respond to current events, the schedule may change as we go. If it does, we will update the syllabus. The purpose of this memo is to help clarify what is expected of you.

1. Course Materials.

You will need to purchase the course packet and the Safdie book. They are available at the Babson Bookstore.  In addition, materiasls will be distributed via the web-site and in class.

2. Preparation.

You are expected to participate in on-line discussions before each class and to come to class fully prepared, and with exercises done and ready to hand in -- or electronically submitted.. Please prepare for class by reading the background materials and cases that will be discussed -- and by trying to:

• Analyze the situations.
• Make financial projections for them.
• Draw conclusions.
• Submit your assignments as set out in the assignment sheet for each class.

For most clasess your major conclusions and projections will be handed in, as DRAFT memos and spreadsheets. In class you will learn more about these situations, and about techniques of analysis that are relevant. Then you will have a chance to REVISE your positions and financial projections before submitting the FINAL version after the next weekend – usually 9 days after the class. This is the procedure we will follow with most assignments. See individual assignment sheets for details.

4. Office Hours.

Given the special schedule of this course. regular office hours do not make much sense. Please feel free to call, fax, or e-mail at any (reasonable) time and leave a clear, concise message, asking your question, and I will try to get a message back to you fast.

4. Contact Information

We hope you will find the course stimulating and useful and are looking forward to working with you.