A feasibility study is an assessment that evaluates the practicality and potential success of a proposed project by analyzing its technical, economic, legal, and operational aspects. Its main purpose is to help decision-makers determine if a project is a realistic and worthwhile investment before committing significant resources, by identifying strengths, weaknesses, opportunities, and potential obstacles.

A Feasibility Study is an assessment that determines whether a project or idea is viable, practical, and financially worthwhile. It is typically conducted before significant resources are committed and helps stakeholders decide whether to proceed, revise, or abandon a proposed project.