The term "metacognition" refers to the act of reflecting on one's own cognitive processes. It's the method of organizing, assessing, and evaluating students' progress toward goals.
Metacognition is the ability to reflect on one's own cognitive processes and the ability to think about and change your own thought processes. A big part of metacognition is being aware of yourself as a learner and being able to evaluate your own learning style and figure out where you could improve.