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.

Public-Policy

Scenario:

The government is planning to change the tax laws in the coming fiscal year. It could significantly alter the economic landscape.

Response:

Yes, that could have far-reaching effects. Conducting an impact-analysis on the new tax laws will provide valuable insights.