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What is a Feasibility Analysis?

A feasibility study is an analysis that takes all of a project's relevant factors into account. Economic, technical, legal, and scheduling considerations are crucial to ascertain the likelihood of completing the project successfully.


Project managers use feasibility studies to discern the pros and cons of undertaking a project before they invest a lot of time and money into it.

The goals of feasibility studies are as follows:

  • To understand thoroughly all aspects of a project, concept, or plan

  • To become aware of any potential problems that could occur while implementing the project

  • To determine if, after considering all significant factors, the project is viable—that is, worth undertaking

How It Works

  • Second Star Group gets feedback about the new concept from the appropriate stakeholders

  • We analyze and ask questions about your data to make sure that it's solid

  • Conduct a market survey or market research to enhance data collection

  • Write an organizational, operational, or a business plan

  • Prepare a projected income statement

  • Prepare an opening day balance sheet

  • Make an initial "go" or "no - go" decision about moving ahead with the plan

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