What is a feasibility study ? The main part in implementing and managing projects is the feasibility study. Therefore, you must know the most important priorities and analyzes necessary to create an integrated study for your project, as it plays a very important role in project management by developing a comprehensive plan for all tasks within the project and assigning each individual his own role Which he must implement professionally in order to obtain a distinguished job, and in order to be able to do all this, it is necessary to know what is the feasibility and this is what we present to you in this article.
What is a feasibility study
Simply put, the concept of feasibility is summarized in evaluating the idea to be implemented in the form of a project and knowing whether this project can be implemented or not, with all possible questions being put in place and answered.
If you want to conduct a feasibility study, you must follow the following steps:
Preliminary analysis of all aspects of the project
Create an appropriate plan with direct action
Review and analyze all data
Take the right decision.
It is time to start in the field of implementing and managing projects that you may have dreamed of, and to know whether you can implement that project or not, as it provides you with all the details about the economic situation and the available financial capabilities that must be followed when implementing the project on the ground, which helps you avoid mistakes that You will likely fall into it.