This is the third of three papers prepared for a special panel session of the National Collaborative Task Force on Engineering Graduate Education Reform that addresses reform of faculty reward systems to advance professional engineering education for creative engineering practice and technology leadership. This paper presents a roadmap for planned reform in defining a model template for professionally oriented faculty reward systems that supports professional scholarship, teaching, and engagement in advanced engineering practice for the creation, development & innovation of technology. Four action items are presented based upon the urgency for reform in U.S. engineering education and the unifying themes, common to other professions, in advancing professional education for practice.