A Feasibility Study is an assessment that evaluates the practicality and potential success of a proposed project or idea. It examines various factors, including technical, economic, legal, and operational aspects, to determine if the project is viable. This study helps stakeholders make informed decisions by identifying potential challenges and benefits. The process typically involves gathering data, analyzing market conditions, and estimating costs and revenues. By conducting a feasibility study, organizations can minimize risks and allocate resources effectively, ensuring that they pursue projects that are likely to succeed and align with their goals.