feasibility assessment

Meaning

A feasibility assessment is an evaluation or analysis designed to determine if a proposed project, plan, or system is practical and likely to succeed. It takes into account financial, technical, legal, and scheduling factors before any major resources are committed. This term is highly formal and commonly used in corporate planning, project management, and investment analysis.

Examples

• Before we allocate the budget, we need to conduct a thorough feasibility assessment of the proposed software integration.

  Before we allocate the budget, we need to conduct a thorough feasibility assessment of the proposed software integration.

• The feasibility assessment revealed several potential regulatory hurdles that could delay the product launch.

  The feasibility assessment revealed several potential regulatory hurdles that could delay the product launch.

• After reviewing the feasibility assessment, the board decided to postpone the expansion into the European market.

  After reviewing the feasibility assessment, the board decided to postpone the expansion into the European market.

• We have commissioned an external consultancy to perform an independent feasibility assessment of the merger.

  We have commissioned an external consultancy to perform an independent feasibility assessment of the merger.

• A comprehensive feasibility assessment is required to secure funding from our venture capital partners.

  A comprehensive feasibility assessment is required to secure funding from our venture capital partners.

Common Mistakes

• ✗ We need to make a feasibility assessment.

  ✓ We need to conduct a feasibility assessment.

  In corporate English, 'assessment' collocates with verbs like 'conduct', 'carry out', or 'perform', rather than 'make'.

• ✗ The project's feasibility assessment is very high.

  ✓ The project's feasibility is very high.

  An 'assessment' (the evaluation process) cannot be 'high'. The 'feasibility' (the quality of being doable) is what is high or low. Alternatively, you can say the assessment is 'favorable' or 'positive'.

Related Expressions

Practice

• The executive team requested a detailed ___ to determine if the new factory layout is practical.

  💡 evaluation of viability

  Show answer

  feasibility assessment

• Without a proper ___, we risk investing millions in a project that cannot be legally executed.

  💡 practical evaluation

  Show answer

  feasibility assessment