Within the course Development Project, participants are assigned a specific plot of land for preparing a development project. The project is done in work teams, where students split their roles (manager, salesperson, project manager, finance and valuator) and have the task to develop a plot of land from a conceptual territorial solution, through its comprehensive assessment, including risk assessment. The solution should also include a comparison of possible options and a selection of the most appropriate variant with respect to profitability, risk and technical feasibility. Each group develops its own business plan, including the Profit and Loss Statement (P&L) and a model of expected cash flows of the project over the course of time. Sensitivity analysis of elementary input parameters of the model is also assumed.