Techno – Economic Feasibility Studies And Business Plans.
An analysis and evaluation of a proposed project to determine if it
(1) is technically feasible
(2) is feasible within the estimated cost
(3) will be profitable.
Feasibility studies are almost always conducted where large sums are at stake.
It must account for factors that affect it such as economic, technological, legal and scheduling factors. Investors and project managers use feasibility studies to determine potential positive and negative outcomes of a project before investing a considerable amount of time and money into it.
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