Formative assessment is a range of formal and informal assessment procedures employed by teachers during the learning process to modify teaching and learning activities to improve student attainment.Features of formative assessmentBuilds on students prior knowledge and experience in designing what is taught. Is conducted on an informal basis. Is diagnostic and remedial. Ensures provision for effective feedback. Provides a platform for the active involvement of students in their learning. Provides feedback enabling teachers to adjust their classroom interaction strategies to the emerging needs of the students. Important PointsPeer assessment provides a structured learning process for students to critique and provide feedback to each other on their work. It helps students develop lifelong skills in assessing and providing feedback to others and improving their skills through the feedback provided by their peers then and there.Additional InformationPortfolioA student portfolio is a collection of pieces of students work selected to serve aparticular purpose. It not only contains the works of the student but also the bestworks of the students.Rating ScaleA rating scale is an instrument that requires the rather assign the rated object that has numerals assigned to them. The rating scale resembles a checklist, but it is used when finer descriptions are needed.AssignmentThe task is given by the teacher to complete in a period.Since peer assessment provides immediate feedback and an opportunity for the student to know his/her mistakes and improve immediately, hence peer assessment is a technique of formative assessment.