<ul><li>A feasibility study evaluates the viability of a business initiative, project, or product before investment.</li><li>It considers technical, economic, legal, operational, and scheduling feasibility factors.</li><li>Technical feasibility assesses if technology and expertise are available for the project.</li><li>Economic feasibility determines if the project is financially viable.</li><li>Legal feasibility ensures compliance with laws and industry standards.</li><li>Operational feasibility evaluates internal resources and infrastructure support.</li><li>Scheduling feasibility assesses if the project can be completed within a timeframe.</li><li>Feasibility studies help avoid investing in unfeasible projects, align with organizational goals, and identify risks early.</li><li>Steps to conduct a feasibility study include defining the opportunity, market research, technical analysis, financial evaluation, risk assessment, and summarizing findings.</li><li>Overcoming stakeholder challenges involves data-driven decision-making, setting boundaries, building buy-in, maintaining transparency, and leveraging stakeholder expertise.</li></ul>

How to conduct a feasibility study: Step-by-step guide with examples

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