Objective: Accreditation Council of Graduate Medical Education (ACGME) currently requires experiences in administration for psychiatry residents. In response to this challenge, the authors created a peer review workshop. Methods: The authors report on the design, implementation, and outcome of the peer review workshop for PGY-3 and PGY-4 psychiatry residents. Results: Comparison of pre and post results of a 10-question test given to the resident group showed a statistically significant improvement. Moreover, it was noticed that the discussion among the residents rose to a new level of appreciation of administrative techniques and skills. The residents rated the workshop very favorably and unanimously recommended that the workshop be repeated on a yearly basis at the beginning of the academic year with the previous year's PGY-3s serving as mentors at each clinical site. Conclusion: The workshop process described has potential practical application for other psychiatry residency programs that are also attempting to respond to these ACGME challenges.