Abstract: Armament research and development (R&D) project performance review is an important way to find problems and shortcomings and to improve project management in R&D. In order to explore various effect of performance review in project management, this paper gives a method to select measures from three aspects, including R&D complication degree, R&D achievement and R&D process management. Then, the paper gives assessment method for every measure, and how to analyse potential problems and shortcomings based on the measure results. At last, the paper provides some suggestions to improve project management.