What Is Feasibility Analysis? What Is Its Importance in Research? myprofessionalentrepreneur.com

Feasibility analysis is a popular evaluative method in business to assess the viability of projects. Feasibility analysis evaluates a project and determines whether it will succeed or not. A feasibility plan examines the practicality of a proposed project or plan. It tries to make a realistic assessment of the project’s likely outcomes using the available means. Similarly, feasibility analysis holds crucial importance in research. Researchers usually make a realistic assessment of research viability. This article will tell you what feasibility analysis is alongside its importance in