A feasibility study is a critical assessment used to evaluate the practicality and potential success of a proposed project or business idea. It examines various factors such as market demand, financial viability, operational capabilities, and legal implications. By conducting a thorough analysis, a feasibility study helps identify possible risks and challenges while providing solutions to mitigate them. It offers a roadmap for decision-making, allowing stakeholders to determine whether to proceed with the initiative. Ultimately, the study serves as a foundational tool for ensuring the long-term sustainability and profitability of a project.