My opinion as a writer? I think there is a difference between truth and fact. Truth is a personal opinion/feeling; meanwhile, fact is an undeniable, communal understanding.
The goal? 50-60 well written and thoroughly revised pages of a manuscript that I can turn into a novel after graduation.
In my own process, I call this "wasifying" or "was-ifying" if you think the first one looks as weird as I do.