Extract from the original post
"Based on a discussion with my colleague about SharePoint document library versioning, I thought of writing a blog post on SharePoint versioning recommended practices. By default, version history is turned off on document libraries. My own recommended practice is turn on versioning and limit the versions to 3 major and 3 minor versions with option to create major and minor versions.
· Turn on Versioning with create major and minor (draft) versions
· Limit the versions to 3 major and 3 minor
· Enable require checkout functionality
Versioning is a great feature in SharePoint that we can easily restore the documents from earlier versions in case of any data loss. It provides a safety net in the event that a corrupted version gets saved and also you can track the changes (and see who made them) from version to version at a glance."
For complete blog post, visit Kolan's blog here.
