It can be thrilling to start a complex, large-scale project with a significant impact on your company. You are creating real change but, failure can be scary. A feasibility study evaluates a project’s practicality. As part of a feasibility study, the objective and rational analysis of a potential business or venture is conducted to determine its strengths and weaknesses, potential opportunities and threats, resources required to carry out, and ultimate success prospects.
It could be a comprehensive evaluation of a proposed project that evaluates all factors critical to its success to assess its likelihood of success. Technical feasibility, economic feasibility, legal feasibility, and even operational feasibility is all our worry!
