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Feasibility Study

Feasibility Study

What is a Feasibility Study?

A study evaluating a project's budget, schedule, and requirements. This process usually involves designing, examining the site, estimating the cost, and reviewing utility infrastructure.

More In-depth Definition of Feasibility Study

A Feasibility Study is an assessment conducted to evaluate the viability of a proposed project or business venture. It analyzes various factors such as technical requirements, financial implications, market conditions, and legal considerations. The study helps determine whether the project is practical and worth pursuing, providing valuable insights for decision-making and planning.

Example of a Feasibility Study

Assessment determining if a construction project is viable.