Abstract: In today's competitive business environment, companies that do not excel in capital stewardship can become takeover target. This practical presentation is based on how a company created an organization that delivered pacesetter project performance and achieved its goal of being number1 in return on capital employed (ROCE) and total shareholder return (TSR). The 5 steps to success are:

1. Understand project management's impact on the bottom line of the company by improving ROCE And TSR.
2. Implement a structured project development and execution process which enables effective communication between decision makers, multifunctional project team and stakeholders.
3. Demand use of project management best practices that optimize safety, cost, schedule, and operability of a project.
4. Insist on use of total cost management tools to plan, schedule, estimate, monitor and report project progress.
5. Require training and certification of executives, managers and project professionals.