Bible Study

As we were driving back in from Dallas Monday night (we went to Kent Brown’s funeral [father of Kyle & Jessica Brown] in Ft. Worth), I thought about how I really haven’t spent much extensive, focused time in the books of the Bible. I wanted to spend more time digging, researching, and applying the skills I have learned in Grad school. I then decided to go through a book of the Bible in a month (maybe two months, but we will see).
For each book that I am studying, I want to filter what I read through several different categories. I hope to spend 12 days asking text questions. What does the text say? How is it translated? What is my outline? What do I learn from the text about the author, the intended audience, and the setting? What are critical or key issues that the text addresses? What do introductions, dictionaries, articles, books, etc. say about my text?
Then I hope to spend 5 days asking history questions. What is the historical context of my text? What is the history of translation for this passage? How did the early church fathers interpret and apply this text? What do other major historical figures say about this text?
Then I move to theological questions. I hope to spend another 5 days asking these. What do we learn about God, Jesus, the Holy Spirit? How does my text address sin, salvation, and mankind?
Finally, the last 8 days are spent asking pastoral questions. This centers around application. How does this text address the way we live? What does it teach about church? What are real-life applications of this text? How can this text be used in a congregational setting? In a campus ministry setting?
In the end, I am still not sure what I want to do with this studying of God's word. Do I write a synopsis of my research? Do I just keep the notes handy for future reference? Do I need a longer period of time to bring everything together? What is a good balance of Old and New Testament books? Any suggestions would be helpful.
I guess I will figure this out as I go. For now...I started yesterday going through 1 Peter. May God be near as I journey through his word.