What are the Key Components of an Impact Assessment?
An effective impact assessment includes several key components: 1. Identification of Stakeholders: Recognizing all parties affected by the decision or action. 2. Evaluation of Impacts: Assessing both the positive and negative consequences for each stakeholder group. 3. Mitigation Strategies: Developing plans to minimize adverse effects. 4. Monitoring and Review: Continuously tracking the impact and adjusting strategies as needed.