Final answer:
Before recommending the replacement of existing technology, it is essential to conduct a cost-benefit analysis to weigh the sacrifices against the gains and make an informed decision.
Step-by-step explanation:
The recommended step before suggesting the replacement of existing technology is conducting a cost-benefit analysis. This analysis allows organizations to compare what they will sacrifice, such as money, effort, and other resources, with what they will gain, such as improvements in efficiency, time, and experience. A cost-benefit analysis uses a T-shaped chart to clearly present the costs on one side and the benefits on the other side. Weighing marginal costs against marginal benefits is a fundamental process in making an informed decision about whether to replace technology.