The correct sequence when refactoring test cases in an Agile project is to first identify the test cases that need refactoring. Following identification, an analysis is conducted to understand the changes needed. After analysis, the actual refactoring of the test case is done. Once refactored, the test cases are re-run to ensure they work as expected. Finally, an evaluation is performed to confirm that the refactoring has improved the test cases and that they meet the required standards.
References = The ISTQB Advanced Level Agile Technical Tester syllabus emphasizes the importance of refactoring test cases in Agile projects and provides a practical task-list for refactoring test cases123.