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Short note: Feasibility study

Short answer

A feasibility study is a detailed investigation to determine whether a project is technically, financially, and economically viable. It examines market demand, design, cost, funding, benefits, environmental and social impacts, and risks. The output is a feasibility report recommending whether to proceed, modify, or stop the project.

Write a short note on feasibility study.

A feasibility study is a detailed investigation, done before final approval, to decide whether a proposed project is practicable and worth investing in. It follows the pre-feasibility study and uses reliable data.

Aspects:

  • Technical: technology, design, site, resources.
  • Market: demand and supply.
  • Financial: cost, funding, profitability.
  • Economic: benefit to the nation (B/C, EIRR).
  • Environmental and social: impacts and acceptance.
  • Managerial and legal: capacity, permits.
  • Risk and sensitivity.

Output: a feasibility report with alternatives and a recommendation to go ahead, modify or stop. It is the basis for detailed design, financing and tender.

✓ Answer checked by Claude Opus 5.5 (high effort)

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