Before allocating sources, a feasibility study is a crucial tool for determining whether or not the project is feasible. To confirm whether the project is technically, financially, and operationally feasible, it includes evaluating a variety of factors. What is a Feasibility Study? A Feasibility Study in Project Management is a comprehensive analysis conducted to determine the practicality and viability of a proposed project. It assesses various aspects such as technical, economic, legal ... What is a feasibility study & why is it so important for a project? We explain what project managers need to know about feasibility studies. Feasibility describes how easy or difficult it is to do something. When you set a goal at work, think about the long-term feasibility of accomplishing what you want.
