Reevaluation (noun)

1. The act of reevaluating or the state of having been reevaluated, especially after a period of time or change.
2. A reassessment of something, especially of its value, worth or importance.

Origin:

Formed from the prefix 're-' meaning 'again' and 'evaluation' meaning 'the act of evaluating or assessing', the word has been in use since the mid-20th century.

Examples:

1. The reevaluation of the company's policies and procedures was necessary in light of the recent changes in the market.
2. The reevaluation of the former prime minister's legacy took into account new evidence and perspectives.
3. The reevaluation of the painting was done by a team of experts, who discovered that it was a genuine masterpiece.
4. The reevaluation of the employee's performance led to a promotion and a raise.
5. The reevaluation of the investment strategy was based on the current economic trends and projections.