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.”

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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