Feasibility Studies
Technical Explanation
A Feasibility Study is a rigorous analysis of a proposed project’s viability. It examines multiple dimensions: technical feasibility (can it be built with current technology and site conditions?), economic/financial feasibility (is it cost-effective and fundable?), legal/regulatory feasibility, and operational feasibility. The study often compares alternative scenarios and includes preliminary designs, cost estimates, and risk assessments to determine the best way forward.
Main requirements
Required at the project initiation stage – to inform go/no-go decisions or selection of the best project option. Needs data collection on site conditions, market research (for economic analysis), stakeholder input, and sometimes pilot studies or preliminary geotechnical surveys. A key part of feasibility is identifying any “showstoppers” early (e.g. project is not feasible due to cost or regulatory hurdles), thereby saving the proponent time and money before full design.