Historical Information

Information and artifacts from earlier projects that can be reused to guide current work, such as project files, records, correspondence, closed contracts, and archives of completed projects.

Key Points

  • Helps with estimating, risk identification, planning, and decision making by showing what worked before.
  • Includes documents and data on prior projects: project files, records, correspondence, closed contracts, and closed projects.
  • Usually stored within organizational process assets and should be indexed and easy to retrieve.
  • Quality and relevance matter; ensure sources are complete, current, and comply with confidentiality requirements.

Example

A project manager preparing a cost estimate reviews similar past project files, change logs, vendor correspondence, and closed contracts from completed projects to calibrate labor rates, identify typical risks, and refine the procurement plan.

PMP Example Question

To improve the accuracy of your schedule and cost estimates, which source should you consult first?

  1. Organizational process assets containing historical information from prior projects, including project files, records, correspondence, closed contracts, and closed projects
  2. The current project's stakeholder register
  3. The team charter for the current project
  4. The milestone list for the current project

Correct Answer: A — Historical information

Explanation: Historical information provides concrete data from previous work that supports more reliable estimating and planning, unlike documents focused only on the current project.

AI for Agile Project Managers and Scrum Masters

Become an AI-first leader and transform your agile practice by leveraging artificial intelligence as your most powerful co-pilot. This course is designed to help you drive efficiency, insight, and innovation, ensuring you stay at the forefront of a rapidly evolving project management landscape.

This isn't about replacing human intuition—it's about augmenting it. You'll master prompt engineering to automate mundane tasks, freeing up your time for high-impact strategic leadership and creative problem-solving. Learn to refine backlogs, create strategic roadmaps, and integrate AI seamlessly into your agile ceremonies.

Gain predictive power by using AI-driven insights to anticipate project risks and seize new opportunities for more reliable outcomes. We deliver practical, prompt-based workflows and proven strategies built around real-world agile challenges that you can implement immediately within your framework.

Master foundational AI concepts specifically relevant to Scrum environments while developing advanced skills to handle diverse agile scenarios. You will learn to champion an AI-enabled culture within your organization, fostering a dynamic environment of continuous improvement and superior team delivery.

Learn alongside professionals around the world working in project leadership and delivery.

Explore the Course


Become an AI-First Agile Leader!

HK School of Management helps you apply AI to Agile work with practical, prompt-based workflows for real-world Scrum challenges. Practical skills, tools, and guidance you can apply right away. Covered by Udemy's 30-day refund policy.

Learn More