Step by step Guide to Conducting a Feasibility

This article provides a practical, step‑by‑step guide to conducting a feasibility study, explaining its importance in evaluating project viability before committing resources. It covers key types—including technical, economic, legal, operational, and scheduling feasibility—along with benefits, real‑world examples, and a clear process from scoping to decision‑making. Ideal for entrepreneurs, project managers, and business planners, this guide equips readers with the framework needed to assess risks, optimize resources, and make informed, data‑driven decisions about new ventures or initiatives.