Feasibility Studies

Feasibility study is the initial design stage of any project, which brings together the elements of knowledge that indicate if a project is possible or not.
A feasibility study is used to determine the viability of an idea, such as ensuring a project is legally and technically feasible as well as economically justifiable. It tells us whether a project is worth the investment i.e. whether it can generate an equal or a higher rate of return during its lifetime requires a thorough investigation of the investment per se as well as the level of current expenditure.