Feasibility analysis is a process used to assess the practicality and viability of a proposed project or idea. It evaluates various factors, including technical, economic, legal, and operational aspects, to determine whether the project can be successfully implemented. This analysis helps stakeholders make informed decisions by identifying potential challenges and opportunities. The main goal of a feasibility analysis is to minimize risks and ensure that resources are allocated effectively. By examining the market demand, cost estimates, and regulatory requirements, organizations can better understand the likelihood of success and the potential return on investment for their projects.