What is a feasibility study?

Feasibility study (technico-economic justification) is an analysis conducted at the early stages of a project to assess its feasibility. The goal is to determine how viable the project is from technical, economic, legal, and organizational perspectives.

During a feasibility study, the following are evaluated:

• Technical implementation possibilities
• Cost estimation and potential profit
• Risks and limitations
• Compliance with legislation and regulations

The result is a recommendation on whether to proceed with the project or to revise it.