Feasibility Study
Feasibility Study is an analysis and evaluation of a proposed project to determine if it is technically feasible, financially viable, and legally permissible.
Benefits
A feasibility study helps avoid wasting time and money on impossible projects. It makes sure a project makes sense before starting.
Frequently Asked Questions
What is a feasibility study in analysis?
A feasibility study in analysis looks at if a project is doable. It checks the technical, financial, and legal sides before starting.
What determines the feasibility of a project?
The feasibility of a project is determined by its technical possibility, financial sense, and legal allowance. It must pass all three to be feasible.
What is feasibility and viability analysis?
Feasibility and viability analysis checks if a project is possible and profitable. Feasibility looks at if it can be done, and viability if it should be done, based on profits.
Key Takeaway
Feasibility studies are key in planning. They ensure a project is worth pursuing, technically possible, and financially sound.