Creating a Production Checkpoint in Hyper-V 2016\2019

GUI method

1. Go to the Hyper-V manager on the host where your VM is deployed.
2. Right-click the VM and select "Settings".
3. Uncheck the box "Create standard checkpoints if it's not possible to create a production checkpoint" and save settings.
4. Right-click the VM and select "Checkpoint".

PowerShell method

1. Start PowerShell in administrative mode on the host for the necessary machine.
2. Set the type of checkpoint created to production:

   Set-VM %vm_name% -CheckpointType ProductionOnly

3. Create a checkpoint:

   Checkpoint-VM %vm_name%

From GUI:

You can select the VM and view all checkpoints under "Checkpoints" section. Right-click over the desired checkpoint reveals the "Delete Checkpoint" button.
 

From PowerShell:

Get-VM vm_name | Get-VMSnapshot | Remove-VMSnapshot

NOTE: This action will remove all existing checkpoints from the VM.