What should a feasibility study ideally assess regarding potential projects?

A feasibility study aims to determine the viability of a proposed project by evaluating multiple dimensions that can impact its success. The most comprehensive assessments typically include technical, economic, and legal factors.

Technical factors assess whether the technology required for the project is available and feasible, and whether the project can be completed within the set technical specifications. Economic factors evaluate the financial aspects, including the overall cost of the project versus its potential profitability and return on investment. Legal factors consider any regulations or legal frameworks that might affect the project, ensuring compliance with local, state, and federal laws.

While other options might touch on parts of a project assessment, they do not encompass the full range of factors that a robust feasibility study should consider. Focusing solely on financial costs ignores critical technical and legal issues that could greatly influence a project's outcome. Employee satisfaction is relevant in some contexts but not a standard component of feasibility studies. Similarly, understanding market trends and consumer behavior is important but typically falls under market research rather than a comprehensive feasibility study that also needs to address technical and legal viability.