It depends on what your local regulations require. You can check with local regulators to see if they have specific parameters that they measure. It will also depend on what kind of effects you are considering (e.g. mitigating harmful algae blooms, mitigating effects to local animal life, mitigating effects on human use of the water).
While I cannot speak to local regulations, generally speaking some parameters to consider may include: Dissolved Oxygen (DO), Biological Oxygen Demand (BOD), Chemical Oxygen Demand (COD), nitrogen parameters (total nitrogen, ammonia nitrogen, etc.), phosphorous parameters (total phosphorous, ortho-phosphorous), or microbiology parameters (bacteria counts, etc.). There are many other parameters, but the list above are commonly used parameters. There may also be categorical limits based on the product that the institution produces (e.g. metal plating, plastics forming).
The parameters are depend on the type of industry products. The most common parameters for institutional wastewater analysis are physicochemical and biological constituents. However, most industries release toxic elements and heavy metals that are dangerous to life. Therefore, it is better to analyze cations and anions, including heavy metals and biological constituents.
Most premises operated had to comply any environmental department standards for sewage discharged, industrial discharged, leachate discharged from landfills. Waste water could be from hazardous substance disposal and its had been order to managed it properly to avoid illegal dumping for securing public water intake points. Above all, the easiest way to run your research is to start with areas of urban, estuary, islands, ports, industrial or small communities.