What aspect do feasibility studies primarily aim to determine?

Feasibility studies are an essential component of project development and primarily focus on determining whether a proposed project is viable and worth pursuing. This entails evaluating various aspects such as technical requirements, financial factors, legal considerations, and market demand. By conducting a feasibility study, stakeholders can assess if the project can be successfully completed within the constraints of budget, resources, and regulations.

This assessment is crucial as it helps decision-makers understand the potential risks and benefits associated with the project before significant resources are committed. It involves answering key questions about the practicality and potential return on investment, which ultimately guides whether to move forward with the project.

While selecting contractors, discussing aesthetics, and determining timelines are important in the overall project planning and execution, they are not the primary focus of feasibility studies. These activities often come into play after the feasibility study has established that the project is indeed viable and worthwhile undertaking.