The paper assessed 28 Value Engineering (VE) reports of studies conducted by third party VE consultants on Saudi Aramco capital projects from January 2020 to August 2022. The findings indicate that there is an inverse relationship between accepted number of VE proposals and the size of the workshop review team (the larger the team, the smaller percentage of accepted proposals). It, also, showed that accepted number of VE proposals is not influenced by the duration of VE workshops. The paper recommends the optimization of the size of VE teams and optimized workshop durations to be aligned to Saudi Aramco (SA) capital management system project classifications. The recommendations may result in increasing the number of quality accepted VE proposals while reducing the cost of VE workshops.