This document outlines the keynote presentation on management plans for historic urban areas given by Nils Scheffler at the HerO Final Conference in Regensburg, Germany. Scheffler discusses that management plans are required by UNESCO for World Heritage sites and can help revitalize historic areas. Effective management plans have an integrated approach coordinating preservation and development, involve stakeholders through participation, and establish concrete objectives and actions. They balance safeguarding cultural heritage with attracting development through a management structure that coordinates demands and actions.