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Feasibility Study

“Feasibility means analyzing a project to determine if it is practical or not.”
A feasibility study includes an estimate of the level of expertise required by a project and who is best suited to provide these expertise, quantitative and qualitative evaluations of other essential resources, identifying important aspects of the project, a timetable for the project, and an overall cost estimate.
Whether a project is viable, for example, whether it can generate equal or higher returns over its lifetime; it requires careful scrutiny of the investment itself as well as the amount of current costs. The outline is a simple explanation of the idea conceived by expressing the main factors in the study.

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