Viability Assessment

A viability assessment is a process used to determine if a project, idea, or business plan is feasible and has the potential to succeed. It involves examining key factors such as financial resources, market demand, technical requirements, and possible risks. The goal is to ensure that there are enough realistic opportunities and capabilities to support the effort before committing significant time or resources. Essentially, it helps decision-makers evaluate whether proceeding is practical and likely to result in a positive outcome, reducing the chance of investing in unviable projects.