In the Spring semester of each year, MRED students are required to complete a comprehensive examination. The examination is project-oriented and emphasizes the analysis and solution of a real-world development case. Based upon information provided about a particular development site, students prepare a market analysis, a financial feasibility study, and a site plan within one week. The students submit a written development proposal which is graded on an honors/pass/fail basis. In some cases, students may be required to take an additional oral exam to address any unresolved issues. Students who are not successful on the comprehensive examination may retake it once, within one year of the first exam.