Some great advice there, I really like the idea of writing life stories for each person.
Living up to my Avatar

mine is still on paper

, just because that's how I was taught at a class I went to 15+ years ago.
I am now starting to digitise it and with a collected wealth of knowledge I'm not so much starting again but checking and verifying what I have and adding photos, documents and anecdotes I've gained along the way.
I'm not looking at it as a whole as this is so daunting but looking at each person individually.
I think jbml's fab idea of a life story for each individual will greatly compliment this.
At the beginning I made many schoolgirl errors, paid for information I already had if I had looked at family papers more closely. I'm not going to beat myself up about it, just smile at my naive enthusiasm and realise how far I've come.
I have found lots of interesting information on The British Newspaper Archive which really add flesh to the names and dates bones.
At the beginning I was in a rush to get as far back as I could but them realised that it wasn't as interesting as trying to discover more about each persons life. Thankfully I was able to have a few conversations with some oldies in the family before they died and those anecdotes were invaluable.
Good luck whatever you decide to do.