A Feasibility Study is an assessment and evaluation process of a new project or system viability that focuses the technical feasibility and commercial profitability. The Feasibility Study involves the legal, economic, technology, cost and schedule, environmental and other factors up to the completion of project as well as the commercial operations. In general, the Feasibility Study is a preliminary study performed in the early stage of the project or business such as the conceptual design or FEED engineering stage.
Related Definitions in the Project: The Engineering; Project; Project Management
