A feasibility study is an analytical process used to determine the viability of a project, venture, or business activity. It assesses various aspects, including financial, technical, legal, and operational factors, to evaluate the potential for successful completion and a satisfactory return on investment.
Financial feasibility refers to the ability of a proposed land use or change in land use to justify itself from an economic perspective. While it is one test of the highest and best use of land, it does not necessarily make a project the most rewarding use of the land.
Investment Analysis is the study and evaluation of the potential return and feasibility of a proposed investment. This process assists investors in making informed decisions by analyzing various metrics and methods to project future returns.
