What does a Feasibility Study assess?

A Feasibility Study primarily assesses the viability of a proposed project or solution. It plays a crucial role in the project development process by evaluating whether the project is worth pursuing. This involves analyzing various factors such as technical feasibility, economic feasibility, legal aspects, and operational viability. The study seeks to ensure that the proposed project can be successfully implemented and will meet its stated objectives, addressing potential obstacles and limitations.

By focusing on the overall viability, a Feasibility Study provides stakeholders with a comprehensive understanding of whether or not to proceed with the project, considering the resources available and potential return on investment. While profitability, timelines, and management quality are important considerations in project planning, they are not the primary focus of a Feasibility Study. The essence of this study lies in determining if the project can realistically move forward based on the gathered data and analysis.