Feasibility, often referred to as viability, assesses whether a project or idea can be successfully implemented. It involves evaluating various factors such as technical requirements, financial resources, and market demand. This analysis helps determine if the proposed solution is practical and achievable within the given constraints. In business, a feasibility study is conducted to identify potential challenges and opportunities before launching a new product or service. By examining aspects like cost, time, and regulatory requirements, stakeholders can make informed decisions, reducing risks and increasing the likelihood of success.