These are the proceedings of the Third Workshop on GRAPH Inspection and Traversal Engineering (GRAPHITE 2014), which took place on April 5, 2014 in Grenoble, France, as a satellite event of the 17th European Joint Conferences on Theory and Practice of Software (ETAPS 2014). The aim of GRAPHITE is to foster the convergence on research interests from several communities dealing with graph analysis in all its forms in computer science, with a particular attention to software development and analysis. Graphs are used to represent data and processes in many application areas, and they are subjected to various computational algorithms in order to analyze them. Just restricting the attention to the analysis of software, graph analysis algorithms are used, for instance, to verify properties using model checking techniques that explore the system's state space graph or static analysis techniques based on control flow graphs. Further application domains include games, planning, and network analysis. Very often, graph problems and their algorithmic solutions have common characteristics, independent of their application domain. The goal of this event is to gather scientists from different communities, who do research on graph analysis algorithms, such that awareness of each others' work is increased. More information can be found at http://sysma.imtlucca.it/graphite.