Feasibility Study

Updated 22 Jul 2026

•
def
- •
  an analytical document prepared before a project begins, to determine whether the project should proceed
•
uses
- •
  supports project decision-making
- •
  provides an analysis basis for stakeholders
- •
  serves as a reference for project design and planning
- •
  reduces the risk of project failure by identifying problems early
•
typical contents
- •
  project overview and scope
- •
  technical analysis
- •
  economic and financial analysis
- •
  operational and legal feasibility
- •
  risk assessment
- •
  schedule and timeline
•
how to use
- •
  initial analysis and scope definition
- •
  market and demand research
- •
  technical and operational feasibility evaluation
- •
  financial simulation and projection
- •
  risk management and mitigation planning
- •
  decision-making — proceed, modify, or abandon the project
•
related
- •
  Project Procurement Management
- •
  Software Requirement Specification (SRS)

Linked references 2