As the name implies, a feasibility study is an analysis of the viability of an idea. The feasibility study focuses on helping answer the essential question of “should we proceed with the proposed project idea?” All activities of the study are directed toward helping answer this question.
A feasibility study is only one step in the business idea assessment and business development process.
Reviewing this process and reading the information below will help put the role of the feasibility study in perspective.
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