Feasibility study

Feasibility study is an analysis of the various aspects of a proposed entrepreneurial venture designed to determine its feasibility.

Definition

According to Management by Robbins and Coulter (14th edition),

Feasibility study. An analysis of the various aspects of a proposed entrepreneurial venture designed to determine its feasibility.

According to the BABOK Guide (3rd edition),

Feasibility study. An evaluation of proposed alternatives to determine if they are technically, organizationally, and economically possible within the constraints of the enterprise, and whether they will deliver the desired benefits to the enterprise.