Review is an effective technique to identify defects in work products like code, requirements documents, and design documents. It is a collaborative process involving roles like a moderator, recorder, and reviewers. The review process consists of planning the review, preparing by having reviewers examine the work product, holding a review meeting to discuss defects, and ensuring defects are addressed through rework and follow up. Data from the review like defects and time spent is captured to measure the review's effectiveness.