1 Function point analysis can be used to determine which environment/language/tool is more productive. 2  Function point analysis can provide a mechanism to track and monitor scope creep. 3  Function point counts at the end of each phase/stage of a project can be compared to the function points actually delivered.
You should keep most tax-related documents for a minimum of three years, but it's recommended that you keep them for seven years. If you've gone paperless, then your bank will generally store your statements for seven years, but check to see what your bank's policy is on maintaining its customers' records.
Generally, these records should also be retained for about 7 years. This retention period may be longer if they are supporting documents for tax purposes. However, if these statements have no tax or other key business purpose, then consider retaining your businessâs detailed annual statements for 7 years and disposing of underlying monthly statements after about a year.