How to detect the status of msbuild from command line or C# Application

I am writing up a checkout, build and deployment application in C#, and need to know the best way to detect whether my call to msbuild.exe has succeeded or not. I have tried to use the error code from the process, but I am not sure whether this is always accurate.

Is there a way (through the code below) that I can tell whether msbuild.exe completed successfully?

try
{
    Process msbProcess = new Process();
    msbProcess.StartInfo.FileName = this.MSBuildPath;
    msbProcess.StartInfo.Arguments = msbArguments;
    msbProcess.Start();
    msbProcess.WaitForExit();

    if (msbProcess.ExitCode != 0)
    {
        //
    }
    else
    {
        //
    }

    msbProcess.Close();
}
catch (Exception ex)
{
    //
}