As a project manager, you are in the process of scheduling activities for a new software development project. Your organization has a history of similar projects. To improve the accuracy of your project schedule estimates, you decide to refer to documentation from previous projects. What is the best source of information to use for this purpose?
Expert judgment from leading industry professionals
Organizational Process Assets containing historical information and lessons learned
Industry databases for software development projects
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.
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