Mark VIs and other files to Separate Compiled Code tool can be used to mark/unmark a directory hierarchy of VIs and project libraries to separate compiled code from source file. It provides a way to batch convert Files outside the project interface.
System Requirement: LabVIEW 2010 or later
Usage: Place the "SeparateCompiledCode.llb" in your <LabVIEW>/project folder.
After restarting LabVIEW, you will be able to find "Mark VIs Separate Compiled Code..." in your tools menu.