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Project Management vocabulary · Project Lifecycle

Feasibility study

Meaning in project management, with examples

/ˌfiːzəˈbɪləti ˌstʌdi/nounCommon term

In project management, feasibility study means: An early study that checks whether a proposed project is practical and realistic, looking at technical, financial, legal and time factors before a final decision.

In Turkish: fizibilite çalışması, yapılabilirlik etüdü, fizibilite etüdü

How it is used

Common in construction, engineering, energy and large investment projects. Organisations commission, carry out or complete a feasibility study, and its results often feed into the business case.

Example sentences

  1. The feasibility study found that the site could support the new building, but only with deeper foundations.

  2. We commissioned a feasibility study before asking the board for the full budget.

Common collocations

  • carry out a feasibility study
  • commission a feasibility study
  • technical feasibility
  • feasibility report
  • business caseA document or argument that explains why a project is worth doing, comparing its expected benefits with its costs, risks and alternative options.
  • project charterA short official document that authorises a project to start. It states the goals, high-level scope, main stakeholders, budget and the project manager's authority.
  • phase gateA formal checkpoint at the end of a project phase where decision-makers review the results and decide whether the project continues, changes direction or stops.
  • riskAn uncertain event that has not happened yet but could affect the project's time, cost, quality or scope if it does.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Project Lifecycle

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