During a software development project, the project manager decides to adopt an iterative approach to incorporate lessons learned into the project life cycle. After each development sprint, which of the following activities should primarily be conducted to best utilize the iterative, incremental practices?
Conducting a mid-project external audit to assess compliance with industry standards
Holding a retrospective meeting to discuss the outcomes of the sprint and areas for improvement
Revising the project's communication plan to include additional stakeholders
Updating the risk management plan to include new potential risks
Holding a retrospective meeting after each development sprint is the correct option because it allows the project team to discuss what went well, what could be improved, and how to incorporate these lessons into the next cycle. This aligns with iterative, incremental practices by encouraging continuous improvement and adjustment. The other options, while relevant to project management, do not directly focus on iterative learning and adaptability based on project execution feedback.
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