Learn English – the difference between “deserves” and “deserved”

To 'come running' can (sort of) be considered a shortening of two actions:

The children came into the room.

The children were running.

You can shorten these two states to:

The children came running into the room.

Both of the statements you wrote there mean roughly the same as 'to come running', though the second one is more natural to say.

Both of these sentences are grammatically correct. The difference is the tense.

The first sentence is present perfect. It implies that periodical reviews were performed at an indefinite time in the past and probably this action is still going on now.

When you use present continuous, you are talking about the activities that are happening now and may continue in the future. So in your second sentence you are talking about the periodical reviews that are being performed at the moment and may continue to be done in the future.