Risk Management in Real Estate Development

(2 Credit Hours) · Undergraduate

This course provides students with an opportunity to explore the critical risks and opportunities involved in the construction phase of real estate development. Designed for students interested in real estate development and architecture students who may eventually lead as an owner representative, the course bridges technical knowledge and strategic decision-making. The course emphasizes the interdisciplinary skills required for today's collaborative project leaders and focuses on contracts, procurement processes, and delivery methods. Students will examine how these elements are leveraged—or misused—by stakeholders, enabling students to understand core concepts involved in complex projects. Topics include evaluating contract structures, identifying project risks, and selecting procurement and delivery strategies tailored to project needs. By analyzing real-world scenarios, students will learn to anticipate potential pitfalls, address stakeholder conflicts, and optimize project outcomes.