Description: The feasibility study is a systematic evaluation that determines the viability of a proposed plan or method. This process involves analyzing various factors, such as available resources, required time, associated costs, and expected benefits. Its main objective is to identify whether a project is feasible and profitable before implementation. A well-structured feasibility study provides critical information that helps decision-makers evaluate options and minimize risks. It is considered an essential tool in project planning, as it allows for anticipating potential problems and adjusting strategies accordingly. Furthermore, this study can encompass different areas, such as technical, economic, legal, and operational, ensuring that all relevant aspects are considered. In the context of project development, a feasibility study can help determine the best way to implement a specific initiative, evaluating its effectiveness and efficiency based on available resources and established objectives.
