The results of the data analytics work led to some clear and strongly supported outcomes and the analytics team is very confident in their recommendations; particularly given that the payback on the required changes are a short 3 months. However, there is concern because the organization operates in a highly regulated environment and some new regulatory changes are being considered with announcements and implementation in the next 6 months.
Under these conditions the team decides to:
In a highly regulated environment with upcoming regulatory changes, it is critical to carefully document assumptions for any recommendation. This ensures that all potential risks and dependencies are acknowledged and can be taken into account when the regulatory changes are announced. If assumptions are clearly identified and documented, it allows the organization to be prepared and adjust the plan if necessary when new regulations come into effect.
See CBDA guide pg 76 2.5.2 Develop Implementation plan
See CBDA guide pg 76 2.5.2 Develop Implementation plan - Constraints, Assumptions, Risks, and Dependencies: The recommendation to document assumptions directly aligns with this requirement. Clearly identifying these elements ensures that the implementation plan is realistic and considers potential challenges.