Feasibility study analyzes various aspects of the proposed business plan, including technical, financial, commercial and socio-economic. Before preparing a derailed project report, it is advisable to prepare a feasibility report. All key factors that contribute to entrepreneurial success must be considered for the identified product or service. The report that emerges is the feasibility report. It will serve as a solid basis for preparing the project report. A feasibility study attempts to determine the practicality of a project. The simplest type of feasibility study answers the yes or no question: "Should we undertake the project?" More complex studies must answer a more difficult question: “Which (if any) of several projects should we undertake?” As the name suggests, a feasibility study is used to determine the viability of an idea. The objective of such a study is to ensure that a project is legally and technically feasible and economically justifiable. This tells us if a project is worth the investment. Feasibility studies are useful to businesses in many ways. Some of the reasons why organizations conduct feasibility studies are: • Not all projects are