In the context of ECPs, what might a well-defined impact analysis include?

A well-defined impact analysis in the context of Engineering Change Proposals (ECPs) is essential for understanding the potential implications of proposed changes. Such an analysis should provide a comprehensive overview that encompasses various factors, including technical, operational, financial, and schedule impacts. This thorough understanding aids stakeholders in making informed decisions about whether to proceed with the change.

By evaluating all aspects rather than solely focusing on financial costs, this analysis ensures that any changes are beneficial in the broader context of the project or product lifecycle. It also helps to identify possible risks, unintended consequences, and the need for adjustments in project plans or resources. Therefore, the importance of a detailed and holistic approach cannot be overstated, as it informs the decision-making process effectively.