Which factor may necessitate the conduct of process analysis?

Conducting process analysis is essential when there are changes in regulatory requirements. Such changes can significantly impact how business processes are designed and executed to ensure compliance with laws and regulations. For example, when new regulations are introduced, businesses must assess their existing processes to determine whether they meet the new standards. This often involves identifying areas where adjustments are necessary to avoid potential penalties, enhance compliance, and improve operational efficiency.

In contrast, while market competition, employee turnover, and technological advancements can also influence the need for process analysis, they do not typically have the same immediate and pressing requirement for compliance that regulatory changes do. Market competition may drive businesses to improve processes for better efficiency or customer service, but it does not usually mandate a rethinking of existing processes. Employee turnover may affect process continuity but is less likely to require a fundamental analysis unless it leads to significant knowledge gaps. Technological advancements can create opportunities for process improvement, yet they may not necessitate an analysis unless they directly impact compliance with regulations or industry standards.