What does a feasibility study assess?

A feasibility study primarily assesses the likelihood of project success and projected costs. This analysis is crucial as it helps organizations determine if the proposed project is viable and worth pursuing. Specifically, it evaluates various factors such as market conditions, technical requirements, financial implications, and regulatory considerations. By analyzing these elements, a feasibility study provides insights into whether the project can meet its intended goals within the available resources and constraints.

The other options, while related to different aspects of project management or organizational readiness, do not encapsulate the primary focus of a feasibility study. The financial history of potential investors might be important for funding considerations but does not address the overall viability of the project itself. Communication effectiveness of the project team is important for execution and teamwork but is not part of the feasibility assessment. Lastly, understanding the existing infrastructure is relevant for implementation but does not directly measure project success likelihood or cost projections, which are core to a feasibility study.