Feasibility study
An analysis to assess the viability of a construction project, determining budget, schedule, and requirements, often including conceptual design and cost estimates.
Feasibility studies evaluate the practicality and financial viability of a proposed project, examining factors like location, budget, market demand, and potential risks to guide decision-making.
Used in a sentence
A feasibility study is conducted to assess the viability and potential risks of the proposed development.
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