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The phrase "assessing the impact" is correct and usable in written English.
You can use it when discussing the evaluation or analysis of the effects or consequences of a particular action, event, or policy.
Example: "The researchers are assessing the impact of climate change on local wildlife populations."
Alternatives: "evaluating the effects" or "analyzing the consequences."
Exact(60)
Scientists are still assessing the impact of mercury on fetuses.
Agency officials said they were still assessing the impact.
HIS weighting is crucial to assessing the impact of the full disclosure regulation.
Most economists regard such tests, assessing the impact on British jobs and investment, as highly flexible.
The area also allowed assessing the impact of topography.
It also proposes metrics for assessing the impact of reconfigurability.
Infrastructure NSW said it was still assessing the impact on Aboriginal heritage sites.
"We are assessing the impact," said Alan T. Jeffers, an Exxon Mobil spokesman.
Freedman, M.L. et al. Assessing the impact of population stratification on genetic association studies.
Johannes, F. et al. Assessing the impact of transgenerational epigenetic variation on complex traits.
UCL is now assessing the impact on the same children at the age of five.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com