What is Feasibility Study?

A definition of Feasibility Study

“A feasibility study is an assessment of the practicality and potential success of a proposed project or system. It evaluates various aspects including economic feasibility, technical feasibility, and schedule feasibility to ensure project viability.”

Feasibility Study in Business Glossary - What is a Feasibility Study?

Business Glossary > What is Feasibility Study?


Examples of Feasibility Study in a Sentence:

The feasibility study helped determine the project’s success potential.

Before investing, we conducted a feasibility study.

A thorough feasibility study is crucial for project planning.

Why is Feasibility Study Important in Business?

Conducting a feasibility study is essential for businesses to minimize risks by evaluating a project’s potential for success before significant resources are committed. This process ensures informed decision-making, identifying possible obstacles and benefits, thereby improving project success rates.

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Associated Terms

Here are some associated business terms and synonyms for “Feasibility Study”:

  • Viability Analysis
  • Project Assessment
  • Feasibility Analysis

Feasibility Study Example: Tesla

Tesla conducted a feasibility study before launching its Gigafactory. The study examined the economic, environmental, and technical aspects to ensure that the large-scale lithium-ion battery manufacturing plant would be viable and profitable.

Final Notes on Feasibility Study

When conducting a feasibility study, businesses should examine multiple dimensions including economic, technical, and operational feasibility. This approach ensures a comprehensive understanding of potential challenges and opportunities, influencing strategic planning and investment decisions.


This has been a definition of Feasibility Study meaning.

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