You are the project manager for your organization. Your project team has finished the second phase of a seven-phase project. At the end of each phase, management must review the work your project team has completed and determine if the project should be allowed to continue. What name describes this type of end-of-phase review management is completing on your project?
The process described in the question is known as a phase review or phase gate review. At the end of each phase, management reviews the work completed to determine if the project should continue, be modified, or be terminated. This is accurately called a phase review.
The term “kill point” is used in project management to determine whether the project should stop work or move to the next phase.
C. Phase Review. PgMP 5th Edition. p.115: 'Phase gate reviews are reviews at the end of a phase in which a decision is made whether or not to continue to the next phase, continue with modification, or end a program or program component"