In my experience, this is often not feasible because it is usually not possible to serialize every object that the program uses. For example, many projects are primarily scripted in a higher level language such as Python and make use of some library written in C++ and the only way to access the C++ objects is through an interface that doesn't expose all of the internal data needed to reconstruct those objects.

I'm not saying that it wouldn't work for you, but this is the type of problem that you might encounter.