Yes, I think that’s a great way to do it. What I’ve been advocating in recent talks is to have a master resume that has everything on it that you’ve ever done. Then, when you’re ready to send out a resume to a company in which you’re interested, you make a copy of the master and whittle away the parts that aren’t relevant, or which you can diminish.
I’ve always found that the biggest trouble people have is in thinking of what to put in. If you have a master that you put everything in, then it’s easier to take things out when the time comes.