Assuming an iterative approach, which of the following will be conducted at the end of each iteration?

A Scrum retrospective is a formal ceremony conducted at the end of every sprint where the team reflects on what went well, what did not, and what process improvements to implement in the next iteration, making it a defining characteristic of the iterative approach.

A kickoff meeting occurs once at the start of a project or phase to align stakeholders on objectives, not at the end of each iteration.

A budget baseline is established during project planning as a fixed reference point for cost performance measurement, not an activity repeated each iteration.

A risk review can occur at various points in a project lifecycle but is not a defined end-of-iteration ceremony specific to iterative frameworks like Scrum.