In a meeting of stakeholders, a question is asked, ‘What is Investment Logic Mapping?’  You should include a diagram with your answer.

Investment Logic Mapping (ILM) is a tool used in project management to identify and articulate the underlying logic of an investment proposal. It helps to clarify the problem, the benefits, and the strategic response to the problem.

Here's a step-by-step explanation:

1. Identify the Problem: The first step in ILM is to identify the problem that needs to be addressed. This involves understanding the current situation and the issues that are being faced.

2. Define the Benefits: Once the problem has been identified, the next step is to define the benefits that would be achieved by addressing the problem. These benefits should be specific, measurable, achievable, relevant, and time-bound (SMART).

3. Strategic Response: After defining the benefits, the next step is to determine the strategic response to the problem. This involves identifying the actions that need to be taken to address the problem and achieve the benefits.

4. Investment Concept: The final step in ILM is to develop an investment concept. This is a high-level plan that outlines the approach to implementing the strategic response.

Here's a simple diagram to illustrate the process:

Problem Identification
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         V
Define the Benefits
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         V
Strategic Response
         |
         V
Investment Concept

In a meeting of stakeholders, explaining Investment Logic Mapping in this way can help everyone understand the rationale behind investment decisions and the expected outcomes.