The main approaches, methods and practice of valuation of development projects are considered ; tools of analysis and assessment of the revenue part of the development project are studied ; the effectiveness of development projects ; the possibility of applying the theory and practice of real options to determine the cost of the project and the possibility of hedging the risks of the project in the process of its implementation is analyzed; tools for analyzing the relationship between the cost of land, the choice of development time and the upcoming losses from unused opportunities in the process of implementing a development project are considered. Evaluation of the development project allows the developer and investor to avoid many mistakes in the implementation of the project and get the maximum return on invested capital For practicing specialists and teachers of universities, students, undergraduates, students of the Institute of abbreviated programs, professional retraining and advanced training programs in the field of management, property valuation, economics and real estate management .