Feasibility Study

A feasibility study is an assessment that evaluates the practicality and potential success of a proposed project or idea. It examines various factors, including technical requirements, financial costs, market demand, and potential challenges. The purpose is to determine whether the project is viable and worth pursuing before committing significant resources. Essentially, it helps decision-makers understand if the project can realistically be completed and if it will meet its intended goals, guiding them to make informed choices about investment and planning.