The project feasibility study is justified by what?

1. Market demand: The feasibility study helps determine if there is a market demand for the product or service being proposed. It assesses the potential customer base, competition, and market trends to determine if the project is viable.

2. Financial viability: The feasibility study evaluates the financial aspects of the project, including the estimated costs, revenue projections, and potential return on investment. This helps determine if the project is financially feasible and if it can generate enough profit to justify the investment.

3. Technical feasibility: The feasibility study assesses the technical requirements and capabilities needed to implement the project. It evaluates if the necessary technology, resources, and expertise are available to successfully complete the project.

4. Legal and regulatory compliance: The feasibility study examines the legal and regulatory requirements that may impact the project. It ensures that the project complies with all relevant laws, regulations, and industry standards.

5. Risk assessment: The feasibility study identifies potential risks and challenges that may impact the project's success. It helps stakeholders understand the potential obstacles and develop strategies to mitigate risks.

Overall, the project feasibility study is justified by the need to assess the project's viability and determine if it is worth pursuing. It provides stakeholders with valuable information to make informed decisions and ensure the project's success.

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