What does the 'impact assessment' process involve in a business case?

The 'impact assessment' process in a business case is focused on evaluating the potential effects on stakeholders and the environment. This aspect is critical because it helps identify and analyze how the proposed project or initiative will influence various parties involved, including employees, customers, suppliers, and the community, as well as environmental implications. By conducting a thorough impact assessment, organizations can make informed decisions, mitigate risks, and enhance positive outcomes through careful planning.

This process supports the overall objectives of the business case by ensuring that all relevant factors are considered before proceeding. Understanding the effects on stakeholders allows businesses to address concerns proactively and integrate sustainability into their planning, ultimately leading to a more robust and responsible approach to project management.