A feasibility study explains the advantages and disadvantages of each option as well as the adjustments that must be made by the organization in order to successfully implement the solution.
In order to assess the chances of a proposed project's success, a feasibility study is a thorough analysis that takes into account all of the important factors.
Return on investment, or whether the project will make enough money to cover the investment, is often used to determine success in business. However, a number of other crucial aspects, such the impact on the feasibility study environment and the response of the local population, may be found to be positive or negative.
A number of factors should be taken into account before proceeding, even though feasibility studies can assist project managers in assessing the risk and reward of continuing a plan of action.
Learn more about feasibility study here
https://brainly.com/question/14501390
#SPJ4
