At the end of the third iteration, the project team gathers to discuss the stories...

Run a spike to ensure all information available is correct and then decide which stories to implement.

Develop a user story analysis based on the work done, depicting the current status, S-curve, schedule variance (SV), and planned value (PV).

Plan the backlog by estimating and reprioritizing the user stories as new information becomes available.

Bring up all risks for implementing the user stories and discuss possible solutions.