feasibility study

  

Definition

An analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable. Feasibility studies are almost always conducted where large sums are at stake. Also called feasibility analysis. See also cost benefit analysis.

Use feasibility study in a sentence

  • In order to ensure the manufacturing facility to make a new item the engineers launched a feasibility study to determine the actual steps required to build the product.

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  • Major corporations take advantage of the opportunity to conduct a feasibility study on any new investments they make in their strategies.

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  • The feasibility study concluded that the project would be able to be implemented to success as it was carefully planned.

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