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Project performance should be reviewed at regular intervals throughout the project to ensure that it stays on track and meets its objectives. This continuous monitoring allows project managers and stakeholders to identify any deviations from the plan early on, enabling timely corrective actions. Regular reviews can help in assessing progress against key performance indicators, managing risks, and ensuring resource allocation is efficient.

By evaluating performance periodically, teams can adapt to changing circumstances, maintain alignment with project goals, and foster transparent communication among team members and stakeholders. This approach is essential for effective project governance, as it helps in maintaining focus and momentum while enhancing decision-making processes based on current data.

In contrast, reviewing solely at the end of the project can lead to unresolved issues and missed opportunities for improvement. Reacting only when major problems arise can result in significant challenges that may derail the project. Adhering to a fixed monthly review schedule without consideration for the project's phase can be inefficient and may not align with the project's dynamics, as some phases may require more frequent reviews than others.