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In today's ever-changing Business world, increasing market demand and meeting it through service technology has made change management an inevitable one. Although there are many change management issues and solutions, there is no proper support for efficient change evaluation and monitoring. In this paper, we propose a dependency analysis approach for evaluating the changes specified by the analyst in an effective manner. This measure of change evaluation ensures that the business analyst has a direct control over the changes he makes and provides a sophistic environment which notifies the analyst about the outcome of change progress in a meaningful way. We propose a set of change factors based on which the dependency relation existing between the business rules, functions and parameters are analyzed. These change factors evaluated as part of the change evaluation leads the change management process in efficient and controlled manner. We develop a prototype system of the proposed model to demonstrate its effectiveness. We also conduct an experimental study to assess the performance of the change management along with the change measure as an output.