Feasibility study is an important element of the project file that objectively shows advantages and disadvantages of the project concept. It ensures / serves to prove the justification of project execution through a number of different aspects – not only financial justification, but also through its impact on different social and economic factors. A feasibility study estimates the potential of the proposed investment through analysis of company’s environment and allocation of resources included in project execution in order to evaluate the odds for its success. Therefore, a high quality feasibility study is the key element in the process of evaluating the possibility of execution of the project and its success.
