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Engineers tend to focus on projects, facts and results. Yet the success of a project depends no less on the people and institutions involved. This demands that students are able to manage themselves well and to act with competence. In this module, students gain a comprehensive understanding of the interdependencies between project goals, management and the individual’s personal approach, and develop this understanding through project work in preparation for their later professional occupations. In this module, students also gain the mechanism of profitable and non-profitable project development work. What are the rules, methodics and key factors of a real estate development on base of a real project surrounding.

Real Estate and Facility Management are significant in the global structural change from an industrial society towards a service-orientated society. In this module, students learn relevant working methods and their theoretical basis (e.g. life cycle concepts, three column models) together with an understanding of services and customer needs. Advanced management concepts and their implementation are key focus of the module.

An obligatory component of every economically oriented study programme is an advanced knowledge to financial mathematics and the presentation of calculations of profitability. The techniques of the financial mathematics are processed in a way, so that a solid basis is given for investment decisions and calculations of life cycle costs. The main emphasis is put on the comprehensibility of calculation processes of dynamic methods of the calculation of profitability under certainty and uncertainty. All mathematical models to be used are derived and explained in detail by extensive examples.
Financial mathematical standard software shall not be used, but instead spreadsheet calculation software. The acquired knowledge shall be converted in creation of own calculation sheets (according to a responsible and scientific working with computers).
Students shall purchase the competence to recognise the efficiency, significance and limits of "classic" methods of investment appraisal. They independently test and review the learned information by individual homework.

In the Management Information System part the students learn how to make use of results and findings of financial mathematical methods and mathematical models within decision supporting information systems (Business Intelligence). Therefor they get to know which operational IT systems in AEC/RE sector may deliver the basic data for analytic purposes like Enterprise Resource Planning Systems (ERP), Computer Aided Facility Management Systems (CAFM), Customer Relationship Management Systems (CRM) and Supplier Relationship Management Systems (SRM). During the module the students learn to master the challenge of consolidating and transforming data coming from different information sources (Data Warehousing). Furthermore the students learn to define Key Performance Indicators and organize them in dashboards and cockpits to monitor and visualize business performance. Finally the students shall be able to manage implementation projects of Business Intelligence Solutions/Management Information Systems from a buyer’s perspective.

This module is intended to provide real estate students with the understanding and practical skills required to utilise internationally-recognised methodology and tools for the management development and implementation of construction projects and projects for the cultivation of real estate. Especially the influence of management on all stages of the life cycle is discussed. Students should learn to understand the differences of management aspects and to adapt them to different requirements in different countries. The module focuses on the adaptation of existing building stock as well as new buildings related to a changing market situation and the associated construction measures affected by aspects of German culture.