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6Phase 6 of 10

Regulatory Impact Assessment (RIA)

Evaluate each proposed policy option based on benefits, risks, implementation feasibility, and stakeholder impact.

Purpose

Evaluate each proposed policy option based on benefits, risks, implementation feasibility, and stakeholder impact.

Expected Output

RIA Summary.

Facilitator Guide

  1. 1

    Introduce the RIA framework: benefits, costs, risks, feasibility, and stakeholder impact.

  2. 2

    Evaluate each policy option systematically using the RIA criteria.

  3. 3

    Encourage participants to consider both intended and unintended consequences.

  4. 4

    Assess the feasibility of each option in terms of resources, capacity, and political will.

  5. 5

    Identify which stakeholders will be most affected by each option and how.

  6. 6

    Facilitate a comparative discussion to identify the preferred option(s).

  7. 7

    Document the RIA findings for each option in a structured summary.

Discussion Questions

  • Q1.

    What are the expected benefits of each policy option? Who benefits most?

  • Q2.

    What are the potential risks or unintended consequences of each option?

  • Q3.

    How feasible is each option to implement given current resources and capacity?

  • Q4.

    How will each option affect different stakeholder groups (regulated entities, public, government)?

  • Q5.

    Based on the RIA, which option or combination of options is most likely to achieve the policy objective?

Participant Responses

Record key responses, insights, and discussion points from participants.

AI Discussion Summary

AI will synthesize the participant responses into a structured summary. You can also write your own.

RIA Summary

Expected Output

Document the final output of this phase: RIA Summary.