diff --git a/projects/rocshmem/CMakeLists.txt b/projects/rocshmem/CMakeLists.txt
index 773f401160..791fac7944 100644
--- a/projects/rocshmem/CMakeLists.txt
+++ b/projects/rocshmem/CMakeLists.txt
@@ -70,51 +70,10 @@ option(BUILD_CODE_COVERAGE "Build with code coverage flags (gcc only)" OFF)
 
 configure_file(cmake/rocshmem_config.h.in rocshmem_config.h)
 
-###############################################################################
-# GLOBAL COMPILE FLAGS
-###############################################################################
-if (DEFINED ENV{ROCM_PATH})
-  set(ROCM_PATH "$ENV{ROCM_PATH}" CACHE STRING "ROCm install directory")
-else()
-  set(ROCM_PATH "/opt/rocm" CACHE STRING "ROCm install directory")
-endif()
-
-if (NOT DEFINED CMAKE_CXX_COMPILER)
-  set(CMAKE_CXX_COMPILER ${ROCM_PATH}/bin/hipcc)
-endif()
-set(CMAKE_CXX_EXTENSIONS OFF)
-set(CMAKE_CXX_STANDARD 17)
-set(CMAKE_CXX_STANDARD_REQUIRED ON)
-set(CMAKE_CXX_FLAGS_DEBUG "-O0 -ggdb")
-
-if (BUILD_TESTS_ONLY)
-  if (DEFINED ENV{ROCSHMEM_HOME})
-    set(ROCSHMEM_HOME "$ENV{ROCSHMEM_HOME}")
-  else()
-    message("Environment variable ROCSHMEM_HOME is not set.")
-    message("Assuming that rocSHMEM is installed at ${ROCM_PATH}.")
-    set(ROCSHMEM_HOME "${ROCM_PATH}")
-  endif()
-endif()
-
-find_package(ROCM 0.8 REQUIRED PATHS ${ROCM_PATH})
-set(ROCMCHECKS_WARN_TOOLCHAIN_VAR OFF)
-
-include(cmake/rocm_local_targets.cmake)
-
-set(DEFAULT_GPUS
-      gfx90a:xnack-;
-      gfx90a:xnack+;
-      gfx942:xnack-;
-      gfx942:xnack+)
-
 ###############################################################################
 # PROJECT
 ###############################################################################
-find_package(ROCmCMakeBuildTools)
-include(ROCMCreatePackage)
-include(ROCMInstallTargets)
-include(ROCMCheckTargetIds)
+include(${CMAKE_SOURCE_DIR}/cmake/setup_project.cmake)
 
 ## Setup VERSION
 file(READ include/rocshmem/rocshmem.hpp header_text)
@@ -125,9 +84,15 @@ else()
 endif()
 message(STATUS "rocSHMEM Version: " "${VERSION_STRING}")
 
-rocm_setup_version(VERSION ${VERSION_STRING})
 project(rocshmem VERSION ${VERSION_STRING} LANGUAGES CXX)
 
+find_package(ROCmCMakeBuildTools PATHS /opt/rocm)
+include(ROCMCreatePackage)
+include(ROCMInstallTargets)
+include(ROCMCheckTargetIds)
+
+rocm_setup_version(VERSION ${VERSION_STRING})
+
 ###############################################################################
 # CREATE ROCSHMEM LIBRARY
 ###############################################################################
@@ -139,6 +104,14 @@ if (NOT BUILD_TESTS_ONLY)
   #############################################################################
   # SET GPU ARCHITECTURES
   #############################################################################
+  include(cmake/rocm_local_targets.cmake)
+
+  set(DEFAULT_GPUS
+      gfx90a:xnack-;
+      gfx90a:xnack+;
+      gfx942:xnack-;
+      gfx942:xnack+)
+
   if (BUILD_LOCAL_GPU_TARGET_ONLY)
     message(STATUS "Building only for local GPU target")
     if (COMMAND rocm_local_targets)
@@ -155,8 +128,8 @@ if (NOT BUILD_TESTS_ONLY)
     message(STATUS "Checking for ROCm support for GPU targets: " "${GPU_TARGETS}")
     rocm_check_target_ids(SUPPORTED_GPUS TARGETS ${GPU_TARGETS})
   else()
-    message(WARNING "Unable to check for supported GPU targets. Falling back to default GPUs.")
-    set(SUPPORTED_GPUS ${DEFAULT_GPUS})
+    message(WARNING "Unable to check for supported GPU targets.")
+    set(SUPPORTED_GPUS ${GPU_TARGETS})
   endif()
 
   set(COMPILING_TARGETS "${SUPPORTED_GPUS}" CACHE STRING "GPU targets to compile for.")
@@ -165,13 +138,12 @@ if (NOT BUILD_TESTS_ONLY)
   foreach (target ${COMPILING_TARGETS})
     list(APPEND offload_flags --offload-arch=${target})
   endforeach()
-  add_compile_options(${offload_flags})
 
   #############################################################################
   # PACKAGE DEPENDENCIES
   #############################################################################
   find_package(MPI REQUIRED)
-  find_package(hip REQUIRED)
+  find_package(hip REQUIRED PATHS /opt/rocm)
   find_package(hsa-runtime64 REQUIRED)
 
   set(CMAKE_THREAD_PREFER_PTHREAD TRUE)
@@ -181,37 +153,32 @@ if (NOT BUILD_TESTS_ONLY)
   #############################################################################
   # LINKING AND INCLUDE DIRECTORIES
   #############################################################################
+  target_compile_options(
+    ${PROJECT_NAME}
+    PUBLIC
+      ${offload_flags}
+      -fgpu-rdc
+  )
+
   target_include_directories(
     ${PROJECT_NAME}
     PUBLIC
       $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/include>
       $<BUILD_INTERFACE:${CMAKE_BINARY_DIR}>               # rocshmem_config.h
       $<INSTALL_INTERFACE:include>
-      ${MPI_CXX_HEADER_DIR}
   )
 
   target_link_libraries(
     ${PROJECT_NAME}
     PUBLIC
       Threads::Threads
-      ${MPI_mpi_LIBRARY}
-      ${MPI_mpicxx_LIBRARY}
+      MPI::MPI_CXX
       hip::device
       hip::host
       hsa-runtime64::hsa-runtime64
+      -fgpu-rdc
   )
-endif()
 
-###############################################################################
-# TEST SUBDIRECTORIES
-###############################################################################
-add_subdirectory(tests)
-
-if (BUILD_EXAMPLES)
-  add_subdirectory(examples)
-endif()
-
-if (NOT BUILD_TESTS_ONLY)
   #############################################################################
   # INSTALL
   #############################################################################
@@ -252,4 +219,14 @@ if (NOT BUILD_TESTS_ONLY)
     DESCRIPTION "ROCm OpenSHMEM (rocSHMEM)"
     MAINTAINER "rocSHMEM Maintainer <rocshmem-maintainer@amd.com>"
   )
+endif (NOT BUILD_TESTS_ONLY)
+
+###############################################################################
+# TEST SUBDIRECTORIES
+###############################################################################
+add_subdirectory(tests)
+
+if (BUILD_EXAMPLES)
+  add_subdirectory(examples)
 endif()
+
diff --git a/projects/rocshmem/cmake/setup_project.cmake b/projects/rocshmem/cmake/setup_project.cmake
new file mode 100644
index 0000000000..d5dfa3ddce
--- /dev/null
+++ b/projects/rocshmem/cmake/setup_project.cmake
@@ -0,0 +1,46 @@
+###############################################################################
+# Copyright (c) Advanced Micro Devices, Inc. All rights reserved.
+#
+# SPDX-License-Identifier: MIT
+#
+# Permission is hereby granted, free of charge, to any person obtaining a copy
+# of this software and associated documentation files (the "Software"), to
+# deal in the Software without restriction, including without limitation the
+# rights to use, copy, modify, merge, publish, distribute, sublicense, and/or
+# sell copies of the Software, and to permit persons to whom the Software is
+# furnished to do so, subject to the following conditions:
+#
+# The above copyright notice and this permission notice shall be included in
+# all copies or substantial portions of the Software.
+#
+# THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+# IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+# FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+# AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+# LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING
+# FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS
+# IN THE SOFTWARE.
+###############################################################################
+
+###############################################################################
+# DEFAULT BUILD TYPE
+###############################################################################
+set(CMAKE_BUILD_TYPE "Release" CACHE STRING
+      "build type: Release, Debug, RelWithDebInfo, MinSizeRel")
+
+###############################################################################
+# GLOBAL COMPILE FLAGS
+###############################################################################
+foreach (root ${hip_ROOT} $ENV{hip_ROOT} ${ROCM_ROOT} $ENV{ROCM_ROOT} ${ROCM_PATH} $ENV{ROCM_PATH})
+  if (IS_DIRECTORY ${root})
+    list(PREPEND CMAKE_PREFIX_PATH ${root})
+  endif()
+endforeach()
+if (NOT DEFINED CMAKE_CXX_COMPILER)
+  find_program(CMAKE_CXX_COMPILER hipcc PATHS /opt/rocm)
+endif()
+set(CMAKE_CXX_EXTENSIONS OFF)
+set(CMAKE_CXX_STANDARD 20)
+set(CMAKE_CXX_STANDARD_REQUIRED ON)
+set(CMAKE_CXX_FLAGS_DEBUG "-O0 -ggdb")
+
diff --git a/projects/rocshmem/examples/CMakeLists.txt b/projects/rocshmem/examples/CMakeLists.txt
index d8df62843e..66dcde161b 100644
--- a/projects/rocshmem/examples/CMakeLists.txt
+++ b/projects/rocshmem/examples/CMakeLists.txt
@@ -21,6 +21,13 @@
 # FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS
 # IN THE SOFTWARE.
 ###############################################################################
+cmake_minimum_required(VERSION 3.16.3 FATAL_ERROR)
+
+###############################################################################
+# PROJECT
+###############################################################################
+include(${CMAKE_SOURCE_DIR}/cmake/setup_project.cmake)
+project(rocshmem_examples VERSION 1.0.0 LANGUAGES CXX)
 
 ###############################################################################
 # SOURCES
@@ -34,56 +41,21 @@ set(EXAMPLE_SOURCES
   rocshmem_init_attr_test.cc
 )
 
+find_package(MPI REQUIRED)
+find_package(hip REQUIRED PATHS /opt/rocm)
+if(NOT TARGET roc::rocshmem)
+  find_package(rocshmem REQUIRED PATHS /opt/rocm)
+endif()
+
 foreach(SOURCE_FILE IN LISTS EXAMPLE_SOURCES)
   get_filename_component(EXECUTABLE_NAME ${SOURCE_FILE} NAME_WE)
 
   add_executable(${EXECUTABLE_NAME} ${SOURCE_FILE})
 
-  if (BUILD_TESTS_ONLY)
-    find_package(MPI REQUIRED)
-
-    target_include_directories(
-      ${EXECUTABLE_NAME}
-      PRIVATE
-        $<BUILD_INTERFACE:${ROCSHMEM_HOME}/include>
-        $<BUILD_INTERFACE:${MPI_CXX_HEADER_DIR}>
-    )
-
-    foreach (target ${DEFAULT_GPUS})
-      list(APPEND offload_flags --offload-arch=${target})
-    endforeach()
-
-    target_compile_options(
-      ${EXECUTABLE_NAME}
-      PRIVATE
-        ${offload_flags}
-        -fgpu-rdc
-    )
-
-    target_link_libraries(
-      ${EXECUTABLE_NAME}
-      PRIVATE
-        ${MPI_mpi_LIBRARY}
-        ${MPI_mpicxx_LIBRARY}
-        ${offload_flags}
-        -L${ROCSHMEM_HOME}/lib
-        -lamdhip64
-        -lhsa-runtime64
-        -lrocshmem
-        -fgpu-rdc
-    )
-  else()
-    target_include_directories(
-      ${EXECUTABLE_NAME}
-      PRIVATE
-        roc::rocshmem
-    )
-
-    target_link_libraries(
-      ${EXECUTABLE_NAME}
-      PRIVATE
-        roc::rocshmem
-        -fgpu-rdc
-    )
-  endif()
+  target_link_libraries(
+    ${EXECUTABLE_NAME}
+    PRIVATE
+      MPI::MPI_CXX
+      roc::rocshmem
+  )
 endforeach()
diff --git a/projects/rocshmem/scripts/build_configs/ipc_tests_only b/projects/rocshmem/scripts/build_configs/ipc_tests_only
index 7caacc5941..41fde20882 100755
--- a/projects/rocshmem/scripts/build_configs/ipc_tests_only
+++ b/projects/rocshmem/scripts/build_configs/ipc_tests_only
@@ -33,13 +33,10 @@ else
   install_path=$1
 fi
 
-if [ -z $1 ] && [ -z $ROCSHMEM_HOME ]
-then
-  export ROCSHMEM_HOME=/opt/rocm/
-fi
-
 src_path=$(dirname "$(realpath $0)")/../../
 
+# If as specific rocSHMEM version is required, the recommended approach
+# is to set environment variable 'rocshmem_ROOT'
 cmake \
     -DCMAKE_BUILD_TYPE=Release \
     -DCMAKE_INSTALL_PREFIX=$install_path \
diff --git a/projects/rocshmem/tests/functional_tests/CMakeLists.txt b/projects/rocshmem/tests/functional_tests/CMakeLists.txt
index df6ccc5980..8df56386b7 100644
--- a/projects/rocshmem/tests/functional_tests/CMakeLists.txt
+++ b/projects/rocshmem/tests/functional_tests/CMakeLists.txt
@@ -22,21 +22,27 @@
 # IN THE SOFTWARE.
 ###############################################################################
 
-set(TESTS_NAME rocshmem_example_driver)
+cmake_minimum_required(VERSION 3.16.3 FATAL_ERROR)
+
+###############################################################################
+# PROJECT
+###############################################################################
+include(${CMAKE_SOURCE_DIR}/cmake/setup_project.cmake)
+project(rocshmem_functional_tests VERSION 1.0.0 LANGUAGES CXX)
 
 ###############################################################################
 # SOURCES
 ###############################################################################
-add_executable(${TESTS_NAME} "")
+add_executable(${PROJECT_NAME} "")
 
 target_include_directories(
-  ${TESTS_NAME}
+  ${PROJECT_NAME}
   PRIVATE
     ${CMAKE_CURRENT_SOURCE_DIR}
 )
 
 target_sources(
-  ${TESTS_NAME}
+  ${PROJECT_NAME}
   PRIVATE
     barrier_all_tester.cpp
     sync_tester.cpp
@@ -67,50 +73,19 @@ target_sources(
 ###############################################################################
 if (BUILD_TESTS_ONLY)
   find_package(MPI REQUIRED)
+  find_package(hip REQUIRED PATHS /opt/rocm)
+  find_package(rocshmem REQUIRED PATHS /opt/rocm)
 
   target_include_directories(
-    ${TESTS_NAME}
+    ${PROJECT_NAME}
     PRIVATE
       $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/..>
       $<BUILD_INTERFACE:${CMAKE_BINARY_DIR}>
-      $<BUILD_INTERFACE:${ROCSHMEM_HOME}/include>
-      $<BUILD_INTERFACE:${MPI_CXX_HEADER_DIR}>
-  )
-
-  foreach (target ${DEFAULT_GPUS})
-    list(APPEND offload_flags --offload-arch=${target})
-  endforeach()
-
-  target_compile_options(
-    ${TESTS_NAME}
-    PRIVATE
-      ${offload_flags}
-      -fgpu-rdc
-  )
-
-  target_link_libraries(
-    ${TESTS_NAME}
-    PRIVATE
-      ${MPI_mpi_LIBRARY}
-      ${MPI_mpicxx_LIBRARY}
-      ${offload_flags}
-      -L${ROCSHMEM_HOME}/lib
-      -lamdhip64
-      -lhsa-runtime64
-      -lrocshmem
-      -fgpu-rdc
-  )
-else()
-  target_include_directories(
-    ${TESTS_NAME}
-    PRIVATE
-      roc::rocshmem
-  )
-
-  target_link_libraries(
-    ${TESTS_NAME}
-    PRIVATE
-      roc::rocshmem
-      -fgpu-rdc
   )
 endif()
+
+target_link_libraries(
+  ${PROJECT_NAME}
+  PRIVATE
+    roc::rocshmem
+)
diff --git a/projects/rocshmem/tests/unit_tests/CMakeLists.txt b/projects/rocshmem/tests/unit_tests/CMakeLists.txt
index 401b2eda62..3510ccd1d5 100644
--- a/projects/rocshmem/tests/unit_tests/CMakeLists.txt
+++ b/projects/rocshmem/tests/unit_tests/CMakeLists.txt
@@ -24,38 +24,10 @@
 
 cmake_minimum_required(VERSION 3.16.3 FATAL_ERROR)
 
-set(INSTALL_GTEST OFF CACHE BOOL "" FORCE)
-
-###############################################################################
-# GLOBAL COMPILE FLAGS
-###############################################################################
-if (NOT DEFINED CMAKE_CXX_COMPILER)
-    set(CMAKE_CXX_COMPILER /opt/rocm/bin/hipcc)
-endif()
-set(CMAKE_CXX_EXTENSIONS OFF)
-set(CMAKE_CXX_STANDARD 20)
-set(CMAKE_CXX_STANDARD_REQUIRED ON)
-set(CMAKE_CXX_FLAGS_DEBUG "-O0 -ggdb")
-
-###############################################################################
-# DEFAULT BUILD TYPE
-###############################################################################
-if(NOT CMAKE_BUILD_TYPE)
-  message(STATUS "CMAKE_BUILD_TYPE unspecified: generating Release build")
-
-  set(
-    CMAKE_BUILD_TYPE
-    "Release"
-    CACHE
-      STRING
-        "build type: Release, Debug, RelWithDebInfo, MinSizeRel"
-    FORCE
-  )
-endif()
-
 ###############################################################################
 # PROJECT
 ###############################################################################
+include(${CMAKE_SOURCE_DIR}/cmake/setup_project.cmake)
 project(rocshmem_unit_tests VERSION 1.0.0 LANGUAGES CXX)
 
 ###############################################################################
@@ -67,7 +39,6 @@ target_include_directories(
   ${PROJECT_NAME}
   PRIVATE
     ${CMAKE_CURRENT_SOURCE_DIR}
-    ${CMAKE_SOURCE_DIR}/../../library
 )
 
 target_sources(
@@ -78,7 +49,7 @@ target_sources(
     hipmalloc_gtest.cpp
     bin_gtest.cpp
     binner_gtest.cpp
-    #bitwise_gtest.cpp # Test is disabled becasue of compilation errors
+    #bitwise_gtest.cpp # Test is disabled because of compilation errors
     address_record_gtest.cpp
     index_strategy_gtest.cpp
     single_heap_gtest.cpp
@@ -107,65 +78,32 @@ endif()
 ###############################################################################
 # ROCSHMEM DEPENDENCY
 ###############################################################################
-find_package(hip REQUIRED)
+find_package(hip REQUIRED PATHS /opt/rocm)
 
 if (BUILD_TESTS_ONLY)
   find_package(MPI REQUIRED)
+  find_package(rocshmem REQUIRED PATHS /opt/rocm)
 
   target_include_directories(
     ${PROJECT_NAME}
     PRIVATE
       $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/..>
       $<BUILD_INTERFACE:${CMAKE_BINARY_DIR}>
-      $<BUILD_INTERFACE:${ROCSHMEM_HOME}/include>
-      $<BUILD_INTERFACE:${MPI_CXX_HEADER_DIR}>
-  )
-
-  foreach (target ${DEFAULT_GPUS})
-    list(APPEND offload_flags --offload-arch=${target})
-  endforeach()
-
-  target_compile_options(
-    ${PROJECT_NAME}
-    PRIVATE
-      ${offload_flags}
-      -fgpu-rdc
-  )
-
-  target_link_libraries(
-    ${PROJECT_NAME}
-    PRIVATE
-      ${MPI_mpi_LIBRARY}
-      ${MPI_mpicxx_LIBRARY}
-      ${offload_flags}
-      -L${ROCSHMEM_HOME}/lib
-      -lamdhip64
-      -lhsa-runtime64
-      -lrocshmem
-      -fgpu-rdc
-  )
-else()
-  target_include_directories(
-    ${PROJECT_NAME}
-    PRIVATE
-      roc::rocshmem
-  )
-
-  target_link_libraries(
-    ${PROJECT_NAME}
-    PRIVATE
-      roc::rocshmem
-      hip::host
-      -fgpu-rdc
   )
 endif()
 
+target_link_libraries(
+  ${PROJECT_NAME}
+  PRIVATE
+    roc::rocshmem
+)
+
 ###############################################################################
 # GTEST DEPENDENCY
 ###############################################################################
 # These packages are required for the unit tests
-find_package(rocprim REQUIRED CONFIG PATHS "${ROCM_PATH}/include/rocprim")
-find_package(rocthrust REQUIRED CONFIG PATHS "${ROCM_PATH}/include/rocthrust")
+find_package(rocprim REQUIRED PATHS /opt/rocm)
+find_package(rocthrust REQUIRED PATHS /opt/rocm)
 
 include(FetchContent)
 
@@ -179,6 +117,7 @@ FetchContent_Declare(
 set(gtest_force_shared_crt ON CACHE BOOL "" FORCE)
 set(BUILD_GMOCK OFF CACHE BOOL "" FORCE)
 set(BUILD_GTEST ON CACHE BOOL "" FORCE)
+set(INSTALL_GTEST OFF CACHE BOOL "" FORCE)
 
 FetchContent_MakeAvailable(googletest)