This paper will discuss the application of verification and validation (V&V) on both private and US government sponsored projects. Application of V&V for business and legal purposes is very tightly defined when executing a project compared to the open ended research of V&V performed in national laboratories and academia. Major purchases on the order of millions to hundreds of millions of dollars depend upon an accurate V&V if the calculation supporting the purchase involves a simulated solution or design. Examples of application will be given to illustrate the use of V&V within projects. The examples will motivate a discussion on the future needs and directions of the business industry from the larger V&V community. It is hoped that this discussion will promote greater interaction between the national labs, academia and business to help develop methodologies, consistencies and directions of effort that will support execution of the V&V process in the business sector.

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