What do feasibility studies typically assess?

Feasibility studies are designed to evaluate the practicality and potential success of a proposed project by analyzing its various dimensions. The correct choice highlights that feasibility studies typically assess the cost and benefits associated with the project. This includes examining financial aspects, such as budget estimates, funding sources, and potential return on investment, as well as evaluating the advantages and disadvantages of proceeding with the project.

Additionally, a feasibility study may encompass considerations like legal and regulatory requirements, environmental impacts, and technical viability, helping stakeholders understand whether the project is worth pursuing. This comprehensive approach is essential for making informed decisions and mitigating risks, which is why assessing the cost and benefits is central to the feasibility study’s purpose.

The other options do not encompass the full range of assessment performed in a feasibility study. While aesthetic appeal, public opinion, and immediate needs might play a role in certain contexts, they do not capture the core financial and operational assessment that defines a feasibility study.