EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT

Transcription

1 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT

2

3 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT PAGE 3 PROGRAM SUMMARY This new Executive Diploma in Real Estate Development, and Project and Construction Management will prepare you for an exciting career in real estate development, or enhance your existing career with state-of-the art skills. You will gain a thorough understanding of the real estate development process, and real estate development finance. You will learn how to formulate real estate development plans, and apply best practices in project management to small and large-scale development projects. This program is specifically designed to combine an understanding of the special features of commercial real estate development in the Caribbean and Central American region and includes hands- on case study projects for a truly unique learning experience. SPECIAL FEATURES OF THIS PROGRAM This program is offered in partnership between, Homburg Institute and the Cave Hill School of Business of the University of the West Indies. As such, it is designed to combine the international experts of the world's top real estate programs with specific knowledge about the real estate development in the Caribbean and Central American region. This is the only program that combines local knowledge of the Caribbean property development and construction scene with internationally recognized professionals in real estate development. By combining forces, Homburg Institute and the University of the West Indies enable you to follow a unique program that locates the universal best practices in real estate development, project management, and construction management, within the specific features of local property markets in the region. STUDY ONLINE This program is offered through 100% online study. Students from across the world are invited to take part without having to leave their home or work. You will follow lectures that are professionally produced video presentations that are specifically designed for Homburg Institute s online learning system. You will also take part in Executive-style live interactive video-conference seminars with professors in small groups to maximize your learning experience.

4 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT PAGE 4 PROGRAM STRUCTURE Number of Courses: 7 Number of Credits: 24 RE7003i Introduction to Real Estate Development and Sustainability The Real Estate professional will need to consider the location, intended purpose of the structure including future tenants and its financial viability as a place to do business. Doing this means the professional must incorporate input and activity from a host of specialized professions from construction to banking to investment. Real Estate development of commercial properties brings challenges and considerations that vary greatly from development in the residential market. Consequently, this area requires specific knowledge in dealing with the various aspects, including financial viability and in the areas of construction, banking and investment. RE7004i Real Estate Development Finance This course enables students to understand the mechanisms and options for financing a Real estate development project. The course examines many aspects of development finance, tax implications, getting a development plan together and determining the risk and return details. As such, it is fundamental to an understanding of the real estate development process, as well as to real estate finance. It builds upon the concepts included in The Development Process course, and is complementary to the course in Real Estate Finance. However, none of these courses are prerequisite to any other. GEMA6006 Project Management Framework This course examines the definition of a project and provides a basic structure for the introduction to the project management processes and how they can be used in to successfully manage a project. It provides an understanding of the basic terms and terminology of project management and lays the ground-work for the understanding of project management. It also examines the role of a project manager, the project team and stakeholders on projects. It provides an insight to the Project Management plans. With the growth of the real estate developments in both the domestic and international markets, especially in the areas of private / public housing and commercial developments. There has been a market demand for persons working in the real estate service to have a sound knowledge of how to manage projects.

5 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT PAGE 5 GEMA6007 Project Finance and Risk Management Participants in this course will be exposed to the management of projects from the perspective of scope management, determining and controlling the budget and cost, and risk identification and mitigation. Participants will be introduced to a standard project financing instruments. Project finance and risk management are key areas of project management within organisations today. The value of closely managing the financial aspects of a project, and the migration of treats or opportunities from the initial planning stage, through to implementation, and during project close out cannot be underestimated. RE7028i Construction Management The primary objective of the course is to provide the student with a working understanding of the principles and practices essential to managing construction projects effectively. The construction management process holds unique challenges for the Real Estate professional. There are a wide range of factors influencing scope, cost and schedule that need to be studied in depth to ensure the most accurate and timely results are reached. RE7002i Strategic Negotiation This course enables participants to learn and to deploy successful negotiation strategies for business in general or real estate in particular. The course examines the process of negotiation, from the pre-negotiation to the conclusion phases. This course aims to enable participants to understand the differences between traditional two-party negotiations and multilateral negotiations, as well as the differences between the national and international business environments and the impact of structure on business negotiations and the influence of culture. Effective negotiation is a critical skill for the real estate irrespective irrespective of whether their chosen career trajectory is in real estate development, finance, or project management. Real Estate Development Case Study and Final Paper The Real Estate Development Case Study and Final Paper is intended to be flexible to encompass the varying interests and needs of students. Students may elect to do a consulting project, or a research project. This paper is essential for participants to be able to consolidate the learning in all of the preceding modules.

6 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT PAGE 6 LEARNING OUTCOMES After completing this program, you will be able to: Understand the real estate development process and be able to understand its application to different income-producing properties, including multi-family residential, commercial, and retail real estate. Establish resource requirements, set up project teams delegate tasks, and determine optimal project workflows. Understand the specific features of real estate development finance within a project management model. Be able to reconcile the points of intersection between the best practice principles in project management and the special features of construction management. Establish schedules, priorities and deadlines for small and large-scale real estate projects. Use leadership skills and negotiation strategies in real estate development projects. Create and work with multidisciplinary real estate development and risk management teams. Understand the different sources of finance for development projects, and the use of financial models to finance projects. Use internationally-recognized techniques for real estate development and apply them to specific case studies in the Caribbean and Central American region. CAREER OPPORTUNITIES As a graduate of this Executive Diploma, you will gain a unique understanding that will prepare you for a career, or enhance your existing career, as a: Real estate developer Project manager Construction manager Private real estate investor Manager in a real estate development company Real estate adviser or consultant

7 EXECUTIVE DIPLOMA IN REAL ESTATE DEVELOPMENT, AND PROJECT AND CONSTRUCTION MANAGEMENT PAGE 7 IS THIS PROGRAM RIGHT FOR YOU? If you live and work in the Caribbean, Belize, and Guyana, this program will provide you with the skills to manage real estate development projects with specific knowledge of real estate in your home region. If you currently work in real estate, you will h o n e yo u r u n d e r s t a n d i n g o f p ro j e c t management and team leadership techniques specific to the construction and real estate development industry. If you are currently a broker, leasing manager, or other real estate professional, you can build upon your knowledge to move laterally into the lucrative business of land development and new construction. If you have a background in business, and you wish to enter the exciting world of real estate development in the Caribbean region, this program will build upon your existing knowledge and provide you with the knowledge, skills, and confidence to engage in the business of real estate development. AWARD CERTIFICATION On successful completion of this program, you will be awarded two certificates: one from the University of the West Indies, and one from Homburg Institute.

8 Cave Hill School of Business University of the West Indies Cave Hill St. Michael Barbados Tel: (246) / 7652 chsb@cavehill.uwi.edu Homburg Institute Homburg Financial Tower PO Box 3275 Charlottetown, PE Canada C1A 8W5 Tel: (902) inquiries@homburginstitute.com 2015