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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.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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