HKSM

A checkpoint held when a phase or the overall project ends to review progress and results, confirm the value achieved, and decide whether to proceed to the next phase or transition the work to operations.

Key Points

• Occurs at the close of a phase, release, or the entire project.
• Examines status versus plan and objectives, and verifies value delivered.
• Produces a go/no-go/hold decision, approvals, and follow-up actions.
• Involves sponsor, customer/product owner, project manager, and team using deliverables, metrics, and acceptance criteria.

Example

After finishing Phase 2, the team runs a project review with the sponsor and product owner. They compare completed features to acceptance criteria, assess schedule and cost performance, confirm expected benefits, and approve moving to Phase 3 with two corrective actions assigned.

PMP Example Question

Which meeting is held at the end of a phase or project to check status, validate value delivered, and decide whether to continue to the next phase or transition to operations?

1. Sprint retrospective
2. Daily standup
3. Project review
4. Backlog refinement session

Correct Answer: C — Project review

Explanation: A project review is a formal checkpoint that evaluates results and value to make a go/no-go or handoff decision. The other options are routine agile ceremonies with different purposes.