An approach used to assess project team work in a condensed (half-term) elective course is discussed. The instructor's evaluation method signals appropriate course goals to students. The scheme described encourages student groups to prepare presentations that will be attractive to people who will evaluate their work in the real world. Colleague comments determine one-half of each student's course grade. Students are randomly selected to lead the presentations, ensuring that all students are thoroughly involved in the process (including assessment). A report on the projects (and comments) completed by Masters of Business Administration (MBA) students at a midwestern school of management is provided, along with the inventory used to assess each team's work.