impact-analysis

Vocabulary Word

Definition

Ever wondered about the consequences of changing things? 'Impact-analysis' helps with that. It is the analysis or study of the consequences or effects of a proposed change, like revising your office timings.

Examples in Different Contexts

In environmental policy, impact analysis is crucial for evaluating the potential effects of proposed projects on the environment. An environmental analyst might explain, 'Our impact analysis indicates that the new dam project could significantly affect local wildlife habitats.'

Practice Scenarios

Environmental

Scenario:

The statistics on forest loss imply that we need to reconsider our current ways of production and consumption.

Response:

Absolutely, our impact-analysis validates these concerns. Urgent steps are needed to curb deforestation.

Business

Scenario:

We are considering a substantial shift in our business strategy. It could fundamentally change the way we do business.

Response:

Better run an impact-analysis before we make this pivot. Understanding possible reactions will help us prepare better.