A Social and Economic Impact Assessment (SEIA) assesses the potential short, medium and longer term consequences of a planned development on people, communities and economies, and develops strategies for the ongoing monitoring and management of those impacts. Aspects of SEIAs can include:
- Identification of interested and affected people and communities
- Coordination and engagement of key stakeholders
- Identification and forecasting of benefits and costs
- Social risk analysis
- Analysis of induced development
- Displacement and resettlement planning
- Alternatives and sensitivity analyses
- Community capacity building
- Mitigation recommendations and planning
- Development of social management and monitoring plans
- Identification of sustainable development opportunities