One way to leverage project audits to ensure that projects deliver on their value proposition is to logically organize a project into a number of sequential phases. At the end of each phase, an evaluation of the project determines whether the project should proceed, should be recycled (i.e., the current stage repeated), or should be terminated. This is known as ______.

A. project auditing

B. taking a stage-gate (also known as toll-gate or phase-gate) approach

C. project reserve analysis

D. conducting performance assessments for project team members