Feasibility studies can identify the logistical, financial, and market challenges of a proposed project by evaluating. What the estimate would be to fund the project. When the potential business will offer a return on investment. The market for the proposed product or service. A feasibility study is a detailed analysis that considers all the critical aspects of a proposed project to determine the likelihood of it succeeding. Although feasibility studies can help project managers determine the risk and return of pursuing a plan of action, several steps should be considered before moving forward.
Feasibility Study Objectives: