Feasibility Studies

A feasibility study is an assessment that evaluates the practicality of a proposed project or idea. It examines various factors, such as technical requirements, financial costs, market demand, and potential risks, to determine whether the project can be successfully implemented. Essentially, it helps stakeholders understand if the project is worth pursuing and what challenges they might face. By conducting a feasibility study, decision-makers can make informed choices, allocate resources wisely, and increase the chances of success while minimizing risks.