PMI Project Management Professional Practice Question

Historical information and lessons learned from similar past projects serve as a valuable source for project managers when estimating the schedule for a new project. This data provides insight into the actual duration of tasks, resource usage, risks encountered, and how they were handled, which can guide the project manager in creating a more reliable project schedule for the current project. Organizational Process Assets typically include documentation and historical records that can be utilized for this purpose. While expert judgment, stakeholder input, and industry databases might provide useful information, they don't offer the specific, detailed historical performance data from past projects within the organization.