Step 2 - Impact analysis
Step 2 - Impact analysis - Beef CRC - Beef Genetic Technologies
 Why do impact analysis?In life in general, and in business in particular, there are many competing calls on our time, energy, finances and other resources. We need to try to ensure they are put towards only those opportunities that: will help us achieve our goals; give us the best impact for our effort; are within our control; have a chance of being successful; and give us a sense of satisfaction. |
 The tools listed below can help you develop an effective Impact Analysis. |
| Eight dimensions tool |
| The tool uses eight dimensions to assess opportunities: |
| 1. Benefit - expected value from implementing the opportunity 2. Cost-of-not-doing: undesirable consequences if the option is not implemented 3. Ease - how easy it will be to implement the opportunity 4. Motivation - enthusiasm for implementing the opportunity 5. Cost - resources (other than time) needed to implement the opportunity 6. Risk - likelihood of undesirable consequences as a result of implementing the opportunity 7. Time - length of time needed to implement the option. 8. Term - length of time between implementing the opportunity and seeing the benefit. |
| Click here to download the Eight dimensions tool. |
| Simple gross margin calculator |
| Click here to download the Gross margin calculator. |
| Impact and Influence tool |
| This tool uses two simple criteria to assess opportunities – ‘Impact’ and ‘Ability to Influence’. The idea behind this tool is that if the option will not have significant impact, it is probably not worth taking forward to action. Additionally, even if the option will have significant impact, if you can’t do much about implementing it, then it will be difficult to realise that potential impact. |
| Click here to download the Impact and Influence tool. |
