What is a feasibility study?

A feasibility study is primarily focused on assessing the practicality and viability of a proposed project or system, which encompasses evaluating various factors such as technical feasibility, economic viability, operational practicality, and legal implications. This assessment helps stakeholders determine whether the project is worth pursuing by identifying potential challenges and ensuring that the proposed solution aligns with the organization's goals and capabilities.

This type of study typically includes a detailed analysis of whether the project can be successfully implemented within existing constraints, and whether it will deliver the intended benefits. It serves as a critical stepping stone before significant resources are committed to a new project, allowing for informed decision-making that can save time and money in the long run. In contrast, the other choices focus on narrower aspects of the system or user experience rather than a holistic evaluation of a new project's feasibility.