Drawing up a feasibility study (technical and economic justification) is the process of developing a document that contains the technical, economic and organizational justification of an investment project or proposal for the implementation of a specific project.

The main components of a feasibility study typically include:

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  Description of the investment project or proposal

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  Technical description of the proposed activity

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  Economic justification, including forecasts of income, expenses, profit, depreciation

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  Assessment of risks and possible obstacles to project implementation

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  Organizational structure and management

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  Assessment of the impact of project implementation on the environment

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  Assessment of social and organizational aspects of the project

Drawing up a feasibility study is an important stage for substantiating the feasibility and effectiveness of investments in a project, allowing one to assess market demand, competitiveness, economic feasibility of the project and develop a strategy for its implementation.

A feasibility study is also the basis for making investment decisions, as well as for interacting with audiences and project participants.