Feasibility Study

Feasibility Study in every dimension.

A feasibility study is an analysis that considers all of a project's relevant factors—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully.

Whether a project is feasible can depend on several factors, including the project's cost and return on investment, meaning whether the project generated enough revenue or sales from consumers.

Although feasibility studies can help project managers determine the risk and return of pursuing a plan of action, several steps, and best practices should be considered before moving forward.