Feasibility Study

A feasibility study is an analysis used to evaluate the practicality and viability of a proposed plan or project. In a meeting context, it often involves discussing and reviewing the various aspects of the proposed idea, including technical feasibility, legal requirements, market analysis, financial implications, and resource availability. The objective of a feasibility study is to ascertain whether the project should proceed, and if so, how it should be executed to maximize success and minimize risk.