Developing an assessment plan is important and balancing both formative and summative assessment in your course will provide students and you with the information about learning that is occurring. Formative assessments should be embedded in instruction and designed to improve the course learning. Summative assessments, should be designed to prove learning by a form of a test, project, prestation, or demonstrations.
Using self and peer assessments for student assignments, helps develop their skills for evaluating their work and others work. It also helps in providing constructive criticism.
I've did both assessments throughout my college years. I found them to be very helpful. We would also use these assessments in our study groups to help see where each others strengths and weaknesses are.
