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This kind of assessment includes more of a final assessment, rather than something you build on. It's measuring what you learned over the course of the year. Things like:
Individual/Group Projects,
Exams,
Research Papers

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Formative also consists of videos like classhook, which helps gets students prepared in the summative aspect.

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It evaluates and assess of quality of learning that takes place in the classroom.

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Summative is more of a high-stakes environment.

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The goal is to evaluate student learning at the end of an instruction unit and compare against either a standard or a benchmark.

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Formative is a low-stakes environment.

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The goal is to assess through homework, quizzes, etc. Formal assessments are more immediate and they want to address student's problem areas.

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Formative Assessment