Which phase of the plan-do-review cycle involves evaluating budget performance?

The phase of the plan-do-review cycle that involves evaluating budget performance is the review phase. During this stage, the outcomes of the actions taken in the "do" phase are assessed, which includes examining financial metrics, resource allocation, and overall budget compliance. This evaluation helps organizations understand if they have met their financial goals and enables them to identify any variances from the planned budget.

Through this analysis, stakeholders can gather insights on what worked, what did not, and why, allowing for informed decision-making going forward. It is essential for continuous improvement and helps in refining future plans, ensuring that the organization can adjust strategies based on real performance data.