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According to the PTC TPI 143897 (Best Practices Regarding Pagefile, Temporary Files, Temporary Directories, Defragmentation And Virtual Memory):
* Set the minimum and maximum pagefile values to the same value
* A general rule of thumb is 3-4GB * the number of concurrent sessions of Pro/ENGINEER + 500MB for
other Windows processes. For example, on a 4GB client machine 6GB would be a good starting point to
support one large Pro/ENGINEER session and 8-12GB for two large Pro/ENGINEER sessions.
* Place pagefile on a non-system drive
Keep in mind that as you increase system memory (e.g., 8GB RAM), you don't necessarily need to allocate 2-3x of RAM (i.e., 16-24GB) since you have plenty of RAM which is significantly faster than swapping data to the HDD in the pagefile. Just keep an eye out on how much memory is being used by the applications (e.g., Task Manager). I think that having a pagefile that is too large will also slow down a system trying to manage it.
If you want to get more technical, there are other TPI's at the PTC website that show how you can monitor usage and see how often your pagefile is being used if you really want to streamline.
.willy.