A feasibility study aims to determine the practicality and profitability of a proposed business venture through systematic data gathering and analysis. It examines the nature, benefits, processes, and roles involved in project feasibility studies. Major aspects covered include management, marketing, technology, taxation, legal issues, financing sources, profitability, and social impacts. Financial studies are a key part, projecting statements, financing options, and analyzing projections. Examples of feasibility study formats and guidelines are provided.