Many industrial project owners are somewhat at a loss to properly manage their capital projects, in particular when they are few and far apart. Still, successful capital projects are fundamental to the short-term financial health of the industrial organisation and its long-term competitiveness. This guide has been written as a practical handbook including examples, useful rules of thumb and effective real-life problems and solutions. Our aim is to address in a simple manner, from the owner perspective, the entire project lifecycle from project definition to implementation, with a specific focus on the latter phase. This guide is unique as it focuses on the perspective of the owner executive and project implementation real-life problems. It is founded on our experience across many industries, as well as available academic and business literature.