Feasibility Analysis

Feasibility analysis in business assesses whether a proposed project or idea is practical and achievable. It examines various factors, such as technical requirements, financial costs, market demand, and organizational capabilities. By evaluating these components, businesses can determine if the project is worth pursuing, if adjustments are needed, or if it should be abandoned. Essentially, it's a way to ensure that an idea is realistic and has a good chance of success before investing time and resources into it.