What is another word for Feasibility Study?
Pronunciation: [fˌiːzəbˈɪlɪti stˈʌdi] (IPA) 
A feasibility study, also known as a "viability study", is a crucial process in determining the practicality and potential success of a proposed project or venture. Other synonyms for feasibility study include "cost-benefit analysis", "profitability analysis", and "planning and evaluation". The study aims to assess the technical, economic, social, and legal aspects of the project to conclude whether it is financially and technically feasible. Additional synonyms include "market research", "risk analysis" and "feasibility assessment". Through a feasibility study, a company can know whether they should pursue the project or not and identify potential pitfalls in advance. Therefore, conducting a thorough feasibility study before embarking on any project is crucial.
