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Smartic Consulting Company believes that the techniques appropriate to impact assessment necessarily depend, first, upon what the impact assessment is trying to achieve and, second, the data and other resources that can be assembled. As with most things, there is no universal and timeless “best practice”. Since impact assessment is a policy-related activity, it operates under time and resource constraints to produce the best answer available within these constraints – not necessarily the best possible answer. We therefore structure our Impact Assessments by certain deliberate steps or processes that look at the implications of certain actions on people, business and the environment through the following stages: Defining the issue we need to consider and identifying the client interest; Defining the policy objective; Identifying the options; identifying the impacts on the client; Identifying any impacts on competition; and Assessing the impacts and choosing the best option. This approach predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies such as post-COVID 19.
Defining the issue we need to consider and identifying the client interest; Defining the policy objective; Identifying the options; identifying the impacts on the client; Identifying any impacts on competition; and Assessing the impacts and choosing the best option. This approach predicts the consequences of disruption of a business function and process and gathers information needed to develop recovery strategies such as post-COVID 19.