Viability Assessment is a process used to evaluate the potential success of a project, business, or idea. It involves analyzing various factors such as market demand, financial feasibility, and operational capabilities. This assessment helps stakeholders make informed decisions about whether to proceed, modify, or abandon a project. The assessment typically includes a review of market research, cost analysis, and risk evaluation. By identifying strengths and weaknesses, a viability assessment provides a clear picture of the likelihood of achieving desired outcomes, ensuring that resources are allocated effectively and efficiently.