The feasibility study assesses a project proposal and weighs the costs and advantages of potential solutions.
reading a feasibility study correctly
A feasibility study assesses a proposed plan or project's viability. A feasibility study evaluates a project's viability to determine its likelihood of success. The goal of the analysis is to identify any potential issues and difficulties that might arise while the project is carried out.
As part of the feasibility study, project managers must determine if they have enough of the right people, money, and technology. Whether the return on investment is expressed as a monetary profit or as a benefit to society, as in the case of a nonprofit enterprise, it must be established.
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