The timetable of change appears to dictate publication of the review by next year, and the beginning of implementation soon afterwards if appropriate.
An ECB spokesman said: "We are in the early stages of formulating a long-term strategy for the game in England and Wales, which we anticipate will take a year to complete. It will involve an extensive game-wide consultation and reflect the views of all our key stakeholders and major partners."
There is a new administration at the ECB, with chairman Colin Graves set to begin a five-year tenure. His predecessor Giles Clarke is to become the ECB's first president.
Graves has already spoken of his hope that an "English Premier League" can be accommodated in the summer - an intention which found immediate favour with former Test captains Kevin Pietersen and Michael Vaughan.
Graves said: "Cricket has some challenges ahead. The attendances at Tests are going down; Twenty20 hasn't been as successful as we thought it would have been; the 50-over competition is certainly not drawing in the crowds.
"We need to look at the way the Championship is structured and how much cricket we play. We need to decongest the whole season ... and we've got to look at an English Premier League somewhere - how we can fit that into the calendar."
Pietersen tweeted: "New @ECB-cricket chairman wants a T20 English franchise tournament! Brilliant! Forward thinking & brilliant for all players!" Vaughan also voiced his approval. "Great news for all Cricket fans in England," he wrote.
Graves added: "At the end of five years, if people say 'Colin Graves has changed English cricket for the good, and it's more entertaining, better to watch', and everybody's happier with the game, then I'll be delighted."
It seems the process is already under way.
- THE INDEPENDENT