In addition to providing sufficient detail for moving forward with the project to the next phase, it should

also be used for comparison analysis when compiling the final project audit, which compares what was
delivered to what had been predicted by a feasibility study. Feasibility studies are a common sense
method to planning that has been proven over time.

A feasibility study is a procedure that assists in making solid judgments and establishing a course of
action. It is also a process that is fueled by study and analysis, among other things.

• Typically, some type of consultation with stakeholders, the community, users, and so on is required.

The presence of uncertainty necessitates the use of fundamental modeling and testing of various
concepts and methodologies.

A PRE-FEASIBILITY EVALUATION

An first pre-feasibility study may be carried out in order to help sort out the various situations that may
be relevant. You may wish to conduct some preliminary research before proceeding with a full-blown
feasibility study.