I've done this in years past and it's powerful. In third grade, I got some tears when we damaged the dolls so I stopped doing it! I will do it again this year and tie it into my anti-bullying talks. I have some paper cut-out dolls that the students can trace - you are welcome to borrow.
Great lessons on story elements including a picture book, resources, and guided notes for each element. There is also a link on here to an online story mapping activities that can have info added by students and then printed out.