Feasibility Analysis: It is an analysis of the ability to finish a project successfully, taking into account legal, technological, economic, scheduling and various other factors. Instead of just diving into a project and hoping for the most excellent a feasibility study permits project managers to investigate the probable positive and negative outcomes of a project prior to investing too much money and time.
For illustration, when a private school wanted to enlarge its campus to alleviate over-crowding, it could accomplish a feasibility study to determine whether to follow via. This study may look at where additions would be build, how much the growth would cost, how the expansion would disturb the school year, how student’s parents feel regarding the proposed expansion, how students feel regarding the proposed expansion, what local laws may influence the expansion, and so forth.