Housing Project Feasibility and Risk Training Course

Participants can identify site constraints and translate due diligence findings into feasibility assumptions.

• Title review, easements, covenants and third-party rights affecting development capacity
• Site appraisal covering access, topography, utilities, contamination and ground conditions
• Planning due diligence covering permitted use, consent pathway, conditions and Section 106
• Constraints mapping with GIS layers for flood, heritage and ecological designations
• Utilities capacity checks for power, water, drainage and telecommunications connections
• Due diligence red flags translated into cost, programme and design allowances

Participants can prepare an elemental housing cost plan with appropriate allowances and benchmarks.

• Work breakdown structure aligned to site, infrastructure, buildings and external works
• Gross-to-net area schedules for saleable, lettable and common spaces
• Elemental cost planning using NRM 1 cost categories and quantities
• Benchmark rates normalised for location, specification, inflation and procurement route
• Preliminaries, contractor overheads, profit and contingencies distinguished within estimates
• Design development allowances for incomplete information and scope change exposure

Participants can assemble a full development budget and assess procurement-related cost exposure.

• Development budget separating land, construction, professional fees, finance and taxes
• Land acquisition costs including transfer taxes, legal fees and due diligence
• Professional fee schedules tied to design stages, approvals and procurement milestones
• Procurement route comparison: traditional, design-build, construction management and turnkey
• Tax treatment of VAT, sales taxes, duties and recoverability assumptions
• Escalation indices applied to procurement dates rather than model start dates

Participants can forecast housing revenues and calculate residual land value using market evidence.

• Sales revenue model built from unit mix, pricing and absorption schedule
• Rental income assumptions covering lease terms, voids, incentives and indexation
• Comparable evidence adjusted for location, tenure, quality and transaction timing
• Residual land valuation reconciling gross development value, costs and target profit
• RICS Red Book valuation scope, assumptions, special assumptions and reporting
• Affordable housing contributions and tenure restrictions reflected in revenue forecasts

Participants can model funding requirements, debt service and monthly cash movement for a housing scheme.

• Monthly development cash flow timed to commitments, invoices, sales and completions
• Interest during construction calculated from debt drawdowns, fees and repayment profile
• Sources-and-uses schedule reconciling equity, senior debt, mezzanine and grant funding
• Debt covenants tested against loan-to-cost, loan-to-value and interest cover ratios
• Discounted cash flow measures: NPV, IRR, equity multiple and payback
• 13-week liquidity forecast identifying peak funding requirement and timing gaps

Participants can evaluate project viability and prepare a defensible investment recommendation.

• Base-case feasibility model integrating costs, revenues, funding and programme assumptions
• Target return benchmarks using developer margin, IRR and return on cost
• Waterfall analysis tracing movements from gross development value to residual land value
• Break-even analysis for sales price, build cost, delay and finance rate
• Investment committee paper structure: recommendation, evidence, conditions and decision gates
• Independent model review checks for formula integrity, signs and circular references

Participants can identify, assess, assign and monitor housing development risks using a structured register.

• ISO 31000 risk process applied to housing development decision points
• Risk breakdown structure covering land, planning, design, construction, market and finance
• Probability-impact scoring calibrated through defined likelihood and consequence scales
• Risk register fields for cause, event, impact, owner, response and status
• Monte Carlo simulation interpreting P50, P80 and value-at-risk outputs
• Contingency drawdown governance linked to risk retirement and change control

Participants can quantify the effect of adverse assumptions and identify practical mitigation actions.

• One-way sensitivity tables testing prices, costs, interest rates and programme durations
• Two-way data tables exposing combined sales-price and construction-cost downside
• Scenario narratives for base, downside, severe downside and recovery cases
• Stress tests against covenant thresholds, liquidity limits and minimum return hurdles
• Switching values identifying assumptions that reverse land bid or approval decisions
• Mitigation options quantified through revised scope, phasing, procurement and funding

Participants can establish reporting and governance controls for ongoing feasibility management.

• Stage-gate governance from site acquisition through completion, handover and exit
• Decision rights matrix covering sponsor, project director, lender and investment committee
• Change control log linking scope changes to budget, programme and approvals
• Monthly dashboard reporting cost variance, sales progress, risks and cash headroom
• Early-warning indicators for contractor distress, slowing reservations and consent delays
• Personal application plan specifying model improvements, stakeholders and first review date