project feasibility studies

A project feasibility study is an analysis to determine whether a proposed project is practical and worth pursuing. It examines key factors such as technical requirements, costs, potential risks, and expected benefits. By evaluating these aspects, the study helps decision-makers understand if the project is achievable, financially viable, and aligned with organizational goals. Essentially, it acts as a preliminary assessment to avoid investing time and resources into plans that may not be successful or feasible in real-world conditions.