Experience management being implemented in small and medium-sized organizations with low cost and less risk is widely recognized to be one of the crucial problems. We discuss requirements aimed at making the experience management system flexible, low-cost, and easy to use. Using formal and informal methods we present a lightweight model that supports acting a corporate memory for software development and allows an organization to capture, share, learn and reuse experience continuously from its previous projects. The three main ingredients of the model are: (1) meta-model of experience management, (2) conceptual view of experience management model, and (3) description of experience package. The model was implemented and evaluated empirically, the results suggest that experience management using requirements successfully promotes knowledge reuse.