The Feasibility Study is a tool decision makers can use to determine whether and how to undertake a certain investment.
Feasibility Studies must be based on Conceptual Design decisions, i.e. the definition of the main technical and commercial aspects of a project, with any alternative solutions reduced to a minimum.
A Feasibility Study includes a number of steps, such as a technical analysis, market analysis, Project Cost Estimate, analysis of financial resources and Profitability evaluation.