{"id":103868,"date":"2026-08-26T14:05:14","date_gmt":"2026-08-26T19:05:14","guid":{"rendered":"https:\/\/monday.com\/blog\/?p=103868"},"modified":"2026-08-30T12:20:19","modified_gmt":"2026-08-30T17:20:19","slug":"feasibility-study","status":"publish","type":"post","link":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/","title":{"rendered":"Feasibility study: Definition, types, steps, and examples"},"content":{"rendered":"<div class=\"text-block\" id=\"text-block-1\">\n<p>Before you commit real money and time to a promising project, you need proof it will actually work. A feasibility study replaces enthusiasm with evidence, testing your idea against financial, technical, legal, operational, and scheduling realities\u00a0so you can move forward with confidence instead of hope.<\/p>\n<p>This guide walks you through the 5 core types of feasibility studies, the 7-step process for conducting one, and how to keep your research, timelines, and stakeholder decisions connected in one clear workspace. You&#8217;ll learn how to turn scattered analysis into a structured go or no-go decision that protects your resources and strengthens every project choice that follows.<\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-2\">\n<h2 class=\"h2 text-block__title\">Key takeaways<\/h2>\n<ul>\n<li><strong>Feasibility studies test viability before commitment: <\/strong>A feasibility study determines whether a proposed project is practical and worth pursuing before you commit major resources.<\/li>\n<li><strong>Five core types form the TELOS framework: <\/strong>There are 5 core feasibility types: technical, economic, legal, operational, and scheduling, often summarized as the TELOS framework.<\/li>\n<li><strong>Seven steps structure the analysis: <\/strong>A structured feasibility study follows 7 steps, from a preliminary screen through to a final go or no-go decision.<\/li>\n<li><strong>Feasibility studies precede business plans: <\/strong>A feasibility study answers whether a project is viable, while a business plan maps out how to grow it once viability is confirmed.<\/li>\n<li><strong>monday AI Workspace connects the entire process: <\/strong>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one connected workspace so teams reach confident decisions faster.<\/li>\n<\/ul>\n<p><a class=\"cta-button blue-button\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\" rel=\"noopener\" aria-label=\"Get started with monday.com\" data-index=\"1\">Get started with monday.com<\/a><\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-3\">\n<h2 class=\"h2 text-block__title\">What is a feasibility study?<\/h2>\n<p>The main objective of a feasibility study is to determine whether a proposed project is practical and worth pursuing before major resources are committed. It answers one question directly: Can we realistically do this, and should we?<\/p>\n<p>A feasibility study determines how practical a proposed project, plan, or method is. Although it&#8217;s most often used in project management, you can conduct a feasibility study to test a new business idea or even the operational feasibility of a change in workflow for an existing business.\u00a0A feasibility study looks at how realistic an idea or plan is by examining numerous factors, including data, studies, and other applicable information. Government guidance on <a href=\"https:\/\/www.business.qld.gov.au\/starting-business\/starting-buying\/planning\/feasibility-analysis\">feasibility analysis<\/a> notes that it helps you weigh the costs and activities of a venture so you can make an informed decision before you commit.<\/p>\n<p>Using feasibility studies to accurately compare the cost\u00a0and\u00a0benefit of any proposal can significantly improve your decision-making by giving you the information you need to confidently give a project the go-ahead, or turn it down. Think of it as a structured reality check that sits between the initial idea and the formal commitment. Next, let&#8217;s look at how a feasibility study works to reveal the true potential of a project proposal.<\/p>\n\n<img width=\"1024\" height=\"563\" src=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1-1024x563.jpg\" class=\"attachment-large size-large\" alt=\"Scalable workflows (1)\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1-1024x563.jpg 1024w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1-300x165.jpg 300w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1-768x422.jpg 768w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1-1536x844.jpg 1536w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/Scalable-workflows-1.jpg 1820w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n<\/div>\n<div class=\"text-block\" id=\"text-block-4\">\n<h2 class=\"h2 text-block__title\">How does a feasibility study work?<\/h2>\n<p>A feasibility study looks at all applicable information, studies, data, and other relevant resources to determine the viability of a proposed project or venture. For most businesses, a feasibility study will primarily rest on financial implications like ROI.<\/p>\n<p>A project manager will review and analyze the man-hours, tools, technology, and other resources needed to complete the project successfully. Then, using market research, they&#8217;ll estimate what the financial projections are most likely to be in terms of incoming cash flow.<\/p>\n<p>One way to determine whether a project is worthwhile is to see if the ROI is positive. The project manager typically compares the expected costs against projected returns and identifies the point at which the investment pays for itself.\u00a0However, a feasibility study isn&#8217;t based solely on financial implications, since not every benefit your company gains from a project is monetarily quantifiable. Other factors also come into consideration:<\/p>\n<ul>\n<li>How will the community or your customers respond to this plan or project?<\/li>\n<li>How might the plan improve your company&#8217;s operations moving forward?<\/li>\n<li>What are the non-financial pros and cons associated with this plan?<\/li>\n<li>Are there aspects specific to your industry that you need to consider?<\/li>\n<\/ul>\n<p>Modern feasibility reports go a step further than a single ROI figure. Instead of one projection, teams increasingly build multi-scenario ROI models that compare optimistic, pessimistic, and neutral outcomes, then stress-test the project&#8217;s objectives against SMART criteria so each goal is specific, measurable, achievable, relevant, and time-bound. This produces a more resilient risk assessment because it shows how the project holds up when conditions shift, not just when everything goes right.<\/p>\n\n<p>Real-time dashboards make it easier to compare those ROI scenarios side by side and update them as fresh market data arrives. The study ends with a clear go or no-go decision: enough evidence to move forward with confidence, or enough warning to walk away before the costs mount. Either outcome is a win, because both save you from committing to the wrong project.<\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-5\">\n<h2 class=\"h2 text-block__title\">5 types of feasibility studies<\/h2>\n<p>The main types of feasibility are technical, economic, legal, operational, and scheduling, a set often shortened to the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Feasibility_study\">TELOS framework<\/a>, with market feasibility frequently added as a sixth lens. Each type answers a distinct question, and a thorough study works through all of them so no critical risk goes unexamined.<\/p>\n<p>Here&#8217;s how the 5 core types break down:<\/p>\n<ul>\n<li><strong>Technical feasibility<\/strong> assesses whether you have the tools, technology, infrastructure, and technical skills to build and run the project, or whether you can realistically acquire them.<\/li>\n<li><strong>Economic feasibility<\/strong> weighs the projected costs against the expected returns, including ROI, cash flow, and the break-even point, to confirm the project makes financial sense.<\/li>\n<li><strong>Legal feasibility<\/strong> checks whether the project complies with laws, regulations, contracts, zoning rules, and data-protection requirements that apply to your industry.<\/li>\n<li><strong>Operational feasibility <\/strong>examines whether the project fits how your organization actually works day to day and whether your teams can support it once it launches.<\/li>\n<li><strong>Scheduling feasibility <\/strong>evaluates whether the proposed timeline is realistic given your resources, dependencies, and competing priorities.<\/li>\n<li><strong>Market feasibility <\/strong>rounds out the picture by testing whether real demand exists: the size of the audience, the competition, and the likelihood that customers will actually adopt what you&#8217;re offering.<\/li>\n<\/ul>\n<p>This table below shows what each type covers at a glance:<\/p>\n\n<table id=\"tablepress-3793\" class=\"tablepress tablepress-id-3793 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Feasibility type<\/th><th class=\"column-2\">Question it answers<\/th><th class=\"column-3\">What it assesses<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Technical<\/td><td class=\"column-2\">Can we build it with the tools and skills we have?<\/td><td class=\"column-3\">Technology, infrastructure, technical expertise, and resource readiness<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Economic<\/td><td class=\"column-2\">Will it pay off financially?<\/td><td class=\"column-3\">Costs, projected returns, ROI, cash flow, and break-even point<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Legal<\/td><td class=\"column-2\">Are we allowed to do it?<\/td><td class=\"column-3\">Laws, regulations, contracts, zoning, and compliance requirements<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Operational<\/td><td class=\"column-2\">Does it fit how we work?<\/td><td class=\"column-3\">Day-to-day processes, team capacity, and organizational fit<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Scheduling<\/td><td class=\"column-2\">Can we deliver it on time?<\/td><td class=\"column-3\">Timeline, dependencies, milestones, and resource availability<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Market<\/td><td class=\"column-2\">Is there sufficient demand?<\/td><td class=\"column-3\">Target audience, market size, competition, demand, and customer adoption<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3793 from cache -->\n<p>Tracking technical and operational readiness on a shared workspace keeps every one of these assessments visible to the people who need it, so no type gets skipped in the rush to a decision.<\/p>\n<p class=\"p1\"><a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a><\/p>\n<p>&nbsp;<\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-6\">\n<h2 class=\"h2 text-block__title\">How to conduct a feasibility study in 7 steps<\/h2>\n<p>The steps in a feasibility study move from a quick screen for dealbreakers to a fully evidenced go or no-go call. Following them in order keeps the analysis focused and stops you from spending weeks on a project that a preliminary check would have ruled out, and it slots neatly into your wider <a href=\"https:\/\/monday.com\/blog\/project-management\/project-planning-process\/\">project planning process<\/a>. Here are the 7 steps:<\/p>\n<ol>\n<li><strong>Run a preliminary analysis:<\/strong> Screen the idea for any insurmountable obstacles or roadblocks first. If a fatal flaw exists, you want to find it now, before you invest in deeper research.<\/li>\n<li><strong>Conduct market research:<\/strong> Gather data on demand, competitors, pricing, and audience behavior. This grounds your financial projections in real market conditions rather than assumptions.<\/li>\n<li><strong>Prepare a projected income statement:<\/strong> Map expected revenue against costs to estimate profitability. Include the resources, staffing, and technology the project will require.<\/li>\n<li><strong>Plan operations and organization:<\/strong> Detail how the project will run day to day, who owns each part, and what equipment, facilities, or processes it depends on.<\/li>\n<li><strong>Prepare an opening balance sheet:<\/strong> Lay out the projected assets, liabilities, and startup capital so stakeholders can see the financial starting point clearly.<\/li>\n<li><strong>Review and analyze the data:<\/strong> Pull every finding together, test it against your scenarios and SMART objectives, and flag any risks that surfaced along the way.<\/li>\n<li><strong>Make the go or no-go decision:<\/strong> Weigh the full picture and decide whether the project is worthwhile. A well-run study makes this final call feel obvious rather than uncertain.<\/li>\n<\/ol>\n<p>Keeping each step&#8217;s documents, owners, and timelines connected in a single <a href=\"https:\/\/monday.com\/blog\/project-management\/ai-workspace\/\">workspace<\/a> means the analysis stays organized as it grows, and everyone sees the same version of the evidence when the decision arrives.<\/p>\n\n<img width=\"1024\" height=\"400\" src=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace-1024x400.avif\" class=\"attachment-large size-large\" alt=\"monday AI workspace\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace-1024x400.avif 1024w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace-300x117.avif 300w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace-768x300.avif 768w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace-1536x600.avif 1536w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/AI-workspace.avif 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n<\/div>\n<div class=\"text-block\" id=\"text-block-7\">\n<h2 class=\"h2 text-block__title\">Feasibility study example<\/h2>\n<p>Imagine a midsized coffee company deciding whether to open a second roasting house in a neighboring city. The team runs a feasibility study to test the idea across every dimension before committing capital.<\/p>\n<ul>\n<li><strong>Technical feasibility<\/strong> has the team confirming the equipment and production capacity needed for a second site and whether their current roasting expertise transfers.<\/li>\n<li><strong>Economic feasibility<\/strong> means building optimistic, neutral, and pessimistic ROI scenarios, comparing projected wholesale revenue against lease, equipment, and staffing costs, then identifying the break-even point.<\/li>\n<li><strong>Legal feasibility<\/strong> surfaces zoning and food-safety requirements for the new location,<\/li>\n<li><strong>Operational feasibility<\/strong> tests whether their existing supply chain and management team can support 2 sites without straining quality.<\/li>\n<li><strong>Scheduling feasibility<\/strong> maps the buildout timeline against their busy season to avoid launching during a supply crunch.<\/li>\n<li><strong>Market feasibility <\/strong>is where the team surveys wholesale accounts and local demand in the new city to confirm the appetite is real before they build capacity around it.<\/li>\n<\/ul>\n<p>The neutral and pessimistic scenarios both clear the break-even threshold within eighteen months, zoning is approved for the target site, and the timeline avoids peak demand. The result is a confident go decision, backed by evidence rather than instinct. Teams often document an example like this on a shared board so the reasoning stays available for the next expansion decision, and so the assumptions can be revisited if conditions change.<\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-8\">\n<h2 class=\"h2 text-block__title\">What industries use feasibility studies?<\/h2>\n<img width=\"1024\" height=\"754\" src=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2-1024x754.jpg\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2-1024x754.jpg 1024w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2-300x221.jpg 300w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2-768x565.jpg 768w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2-1536x1131.jpg 1536w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/project-management-plan-2.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n<p>Most industries can benefit from feasibility studies. Any organization weighing a significant investment, a new market, or a major operational change can use one to test the idea before acting. That said, this decision-making tool is most commonly used in project management, real estate, and the food industry, where the stakes of a wrong call are especially high.<\/p>\n<h3>Project management<\/h3>\n<p>As a project manager, you might use a feasibility study to:<\/p>\n<ul>\n<li><strong>Determine viability:<\/strong>\u00a0Confirm whether a proposed product or service is realistic based on financial implications and how your target audience will respond, which fuels more confident decisions.<\/li>\n<li><strong>Understand time feasibility:<\/strong>\u00a0Assess whether the time investment from you and your team members is worthwhile, since finances aren&#8217;t the only constraint you manage.<\/li>\n<li><strong>Understand technical feasibility:<\/strong>\u00a0Check whether you have the tools and technology to bring a plan to fruition, or the resources to acquire them.<\/li>\n<\/ul>\n<h3>Real estate<\/h3>\n<p>In\u00a0real estate, brokers and agents might use feasibility studies to:<\/p>\n<ul>\n<li><strong>Determine legal requirements:<\/strong>\u00a0Establish whether the legal requirements of a bid, sale, purchase, or development are achievable while still retaining a profit.<\/li>\n<li><strong>Decide if a purchase is worthwhile:<\/strong> Compare the costs of buying, renovating, and maintaining a property until sale to judge whether it&#8217;s financially sound.<\/li>\n<li><strong>Understand whether development is possible:<\/strong>\u00a0Determine if a land development project is viable and profitable for the company and its client.<\/li>\n<\/ul>\n<h3>The food industry<\/h3>\n<p>Feasibility studies work a little differently in the food industry because they weigh financial and community implications together. For example, you might use one to decide if expanding is worthwhile, judging whether a potential new location is a financially solid choice, or comparing several venues to see which makes the most business sense.<\/p>\n<p>Or, you could use a feasibility study to help expand menus by determining which new items to add based on customer feedback and whether your audience would respond positively to a proposed dish.<\/p>\n<a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-9\">\n<h2 class=\"h2 text-block__title\">Feasibility study vs. business plan<\/h2>\n<p>Feasibility studies are filled with calculations and analyses for proposed projects. Estimated projections for business costs versus returns play a vital role. The goal of a feasibility study is to decide whether a proposed project, plan, or idea is possible and worthwhile.<\/p>\n<p>Business plans, on the other hand, are detailed outlines of how a business can grow. You&#8217;ll generally find tactics, strategies, and some projections inside a business plan. Its goal is to help an organization grow, expand, or succeed as a startup.<\/p>\n\n<table id=\"tablepress-3794\" class=\"tablepress tablepress-id-3794 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Aspect<\/th><th class=\"column-2\">Feasibility study<\/th><th class=\"column-3\">Business plan<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Core question<\/td><td class=\"column-2\">Is this project viable and worth pursuing?<\/td><td class=\"column-3\">How will we grow and run this business?<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">When it's used<\/td><td class=\"column-2\">Before committing, to inform the go or no-go decision<\/td><td class=\"column-3\">After viability is confirmed, to guide execution and growth<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3794 from cache -->\n<p>In short, a feasibility study comes first to confirm viability, and a business plan follows to guide execution. Skipping straight to the business plan is a common mistake, because it assumes a positive answer to a question you haven&#8217;t actually tested yet.<\/p>\n<p class=\"p1\">\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-10\">\n<h2 class=\"h2 text-block__title\">Benefits of a feasibility study<\/h2>\n<img width=\"1024\" height=\"576\" src=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3-1024x576.jpg\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3-1024x576.jpg 1024w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3-300x169.jpg 300w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3-768x432.jpg 768w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3-1536x863.jpg 1536w, https:\/\/monday.com\/blog\/wp-content\/uploads\/2026\/08\/Task_management-2-3.jpg 1875w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n<p>A feasibility study does more than answer a single yes-or-no question. Done well, it strengthens every decision that follows. The main benefits include:<\/p>\n<ul>\n<li><strong>De-risked investment:<\/strong> By testing assumptions before you commit capital, a feasibility study reduces the chance of pouring money into a project that was never viable.<\/li>\n<li><strong>Stakeholder and lender buy-in:<\/strong> A documented study gives investors, lenders, and executives the evidence they need to support the project with confidence.<\/li>\n<li><strong>Clearer resource planning:<\/strong> Mapping the required people, tools, and budget up front helps you allocate resources accurately instead of guessing.<\/li>\n<li><strong>Early problem detection:<\/strong> The analysis surfaces technical, legal, and operational obstacles while they&#8217;re still cheap to address.<\/li>\n<li><strong>Stronger go or no-go confidence:<\/strong> With evidence across every feasibility type, the final decision rests on data rather than instinct.<\/li>\n<\/ul>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-11\">\n<h2 class=\"h2 text-block__title\">How to run a feasibility study with monday AI Workspace<\/h2>\n<p>Creating a thorough feasibility study that leads to well-informed decisions can be challenging when research, financials, and timelines live in separate files. monday AI Workspace brings the whole process into one connected workspace, so every step stays visible and every stakeholder works from the same evidence.<\/p>\n<p><\/p>\n<p>Here&#8217;s how its capabilities support each part of the study.<\/p>\n<ul>\n<li><strong>Real-time dashboards:<\/strong> Build no-code <a href=\"https:\/\/monday.com\/features\/dashboards\">customizable dashboards<\/a> to compare optimistic, neutral, and pessimistic ROI scenarios side by side and track feasibility progress across teams, with AI-generated summaries and proactive risk alerts.<\/li>\n<li><strong>Gantt and timelines:<\/strong> Use <a href=\"https:\/\/monday.com\/features\/gantt\">Gantt software<\/a> to model the proposed project timeline, map dependencies, and test scheduling feasibility before you commit.<\/li>\n<li><strong>Connected documents:<\/strong> Keep feasibility reports, market research, and financials in one live document with the <a href=\"https:\/\/monday.com\/workdocs\">Workdocs feature<\/a>, linked directly to your board data so nothing drifts out of sync.<\/li>\n<li><strong>Automations:<\/strong> Route approvals, reminders, and handoffs automatically so the study moves from step to step without manual chasing.<\/li>\n<li><strong>monday agents:<\/strong> The Risk Analyzer agent surfaces project risks and resource constraints early, giving you sharper input for the go or no-go call.<\/li>\n<li><strong>monday vibe:<\/strong> Spin up a custom feasibility-scoring or ROI-modeling app from a plain-language prompt, without waiting on developers.<\/li>\n<li><strong>monday MCP:<\/strong> Let connected AI assistants read your board data to answer feasibility questions and draft summaries, all within the platform&#8217;s permission model.<\/li>\n<\/ul>\n<p>Framed simply, the platform reduces the manual coordination that usually slows a feasibility study down. Owners always know which step is theirs, financials update as new numbers land, and the risks that matter rise to the top instead of hiding in a spreadsheet tab. The difference becomes clear when you compare a traditional spreadsheet-based study to one run on the platform.<\/p>\n\n<table id=\"tablepress-3795\" class=\"tablepress tablepress-id-3795 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Capability<\/th><th class=\"column-2\">Manual or spreadsheet feasibility study<\/th><th class=\"column-3\">Feasibility study on monday AI Workspace<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Data centralization<\/td><td class=\"column-2\">Research and financials scattered across files and inboxes<\/td><td class=\"column-3\">Reports, research, and financials connected in one workspace<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">ROI and scenario modeling<\/td><td class=\"column-2\">Static tabs that require manual updates<\/td><td class=\"column-3\">Live dashboards that compare scenarios in real time<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Risk detection<\/td><td class=\"column-2\">Risks spotted late, if at all<\/td><td class=\"column-3\">Risk Analyzer surfaces project risks and resource constraints<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Collaboration<\/td><td class=\"column-2\">Version confusion and email back-and-forth<\/td><td class=\"column-3\">Real-time co-editing with a single source of truth<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Reporting<\/td><td class=\"column-2\">Manual roll-ups for each stakeholder update<\/td><td class=\"column-3\">Automated, AI-generated summaries ready to share<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3795 from cache -->\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-12\">\n<h2 class=\"h2 text-block__title\">Turn feasibility into confident go decisions<\/h2>\n<p>A feasibility study replaces guesswork with evidence, surfaces risks while they&#8217;re still manageable, and delivers a clear go or no-go decision you can defend to any stakeholder.\u00a0It tests your project across technical, economic, legal, operational, and scheduling dimensions, then gives you the confidence to move forward or the clarity to walk away before costs mount.<\/p>\n<p>The monday AI Workspace brings the entire process into one connected platform, so your research, ROI scenarios, and risk tracking stay organized and visible to everyone who needs it. Real-time dashboards, AI-powered risk detection, and automated workflows turn scattered analysis into confident decisions faster.<\/p>\n<p class=\"p1\"><a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a><\/p>\n\n<\/div>\n<div class=\"text-block\" id=\"text-block-13\">\n<div class=\"accordion faq\" id=\"faq-faqs\">\n  <h2 class=\"accordion__heading section-title text-left\">FAQs<\/h2>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-1\" aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">How much does a feasibility study cost?        \n          \n        \n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-1\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The cost varies significantly based on your location, who conducts the study, and its scope. <span>Having someone within your company perform the study is usually the most cost-effective option, while specialized consultants can significantly increase the cost.<\/span><\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-2\" aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">Who conducts a feasibility study?        \n          \n        \n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-2\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>A feasibility study can be conducted by an internal team, such as a project manager and finance staff, or outsourced to a specialized consultant. Internal teams keep costs down, while consultants offer independent expertise for high-stakes projects.<\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-3\" aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">What are the main types of feasibility?        \n          \n        \n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-3\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The main types are technical, economic, legal, operational, and scheduling feasibility, often summarized as the TELOS framework. Many studies add market feasibility to gauge real customer demand.<\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-4\" aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">How does monday AI Workspace support a feasibility study?        \n          \n        \n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-4\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one workspace. Teams can model timelines, automate approvals, and use AI agents to flag risks early, keeping the whole study connected from first screen to final decision.<\/p>\n    <\/div>\n  <\/div>\n  {\n    \"@context\": \"https:\\\/\\\/schema.org\",\n    \"@type\": \"FAQPage\",\n    \"mainEntity\": [\n        {\n            \"@type\": \"Question\",\n            \"name\": \"How much does a feasibility study cost?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The cost varies significantly based on your location, who conducts the study, and its scope. <span>Having someone within your company perform the study is usually the most cost-effective option, while specialized consultants can significantly increase the cost.\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"Who conducts a feasibility study?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>A feasibility study can be conducted by an internal team, such as a project manager and finance staff, or outsourced to a specialized consultant. Internal teams keep costs down, while consultants offer independent expertise for high-stakes projects.\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"What are the main types of feasibility?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The main types are technical, economic, legal, operational, and scheduling feasibility, often summarized as the TELOS framework. Many studies add market feasibility to gauge real customer demand.\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"How does monday AI Workspace support a feasibility study?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one workspace. Teams can model timelines, automate approvals, and use AI agents to flag risks early, keeping the whole study connected from first screen to final decision.\\n\"\n            }\n        }\n    ]\n}<\/div>\n\n\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":268,"featured_media":359646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"pages\/cornerstone-primary.php","format":"standard","meta":{"_acf_changed":false,"monday_item_id":18041137501,"monday_board_id":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13904],"tags":[],"class_list":["post-103868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-management"],"acf":{"lobby_image":false,"post_thumbnail_title":"","hide_post_info":false,"hide_bottom_cta":false,"hide_from_blog":false,"landing_page_layout":false,"cluster":"","display_dates":"default","featured_image_link":"","banner_url":"","main_text_banner":"","sub_title_banner":"Join the 152K+ customers who use monday.com","sub_title_banner_second":"","banner_button_text":"","below_banner_line":"","use_customized_cta":false,"display_subscribe_widget":false,"custom_schema_code":"<script type=\"application\/ld+json\">\n{\"@context\": \"https:\/\/schema.org\", \"@type\": \"DefinedTerm\", \"name\": \"Feasibility study\", \"description\": \"The main objective of a feasibility study is to determine whether a proposed project is practical and worth pursuing before major resources are committed. It answers one question directly: Can we realistically do this, and should we?\"}\n<\/script>\n<script type=\"application\/ld+json\">\n{\"@context\": \"https:\/\/schema.org\", \"@type\": \"HowTo\", \"name\": \"How to conduct a feasibility study in 7 steps\", \"step\": [{\"@type\": \"HowToStep\", \"position\": 1, \"name\": \"Run a preliminary analysis\", \"text\": \"Screen the idea for any insurmountable obstacles or roadblocks first. If a fatal flaw exists, you want to find it now, before you invest in deeper research.\"}, {\"@type\": \"HowToStep\", \"position\": 2, \"name\": \"Conduct market research\", \"text\": \"Gather data on demand, competitors, pricing, and audience behavior. This grounds your financial projections in real market conditions rather than assumptions.\"}, {\"@type\": \"HowToStep\", \"position\": 3, \"name\": \"Prepare a projected income statement\", \"text\": \"Map expected revenue against costs to estimate profitability. Include the resources, staffing, and technology the project will require.\"}, {\"@type\": \"HowToStep\", \"position\": 4, \"name\": \"Plan operations and organization\", \"text\": \"Detail how the project will run day to day, who owns each part, and what equipment, facilities, or processes it depends on.\"}, {\"@type\": \"HowToStep\", \"position\": 5, \"name\": \"Prepare an opening balance sheet\", \"text\": \"Lay out the projected assets, liabilities, and startup capital so stakeholders can see the financial starting point clearly.\"}, {\"@type\": \"HowToStep\", \"position\": 6, \"name\": \"Review and analyze the data\", \"text\": \"Pull every finding together, test it against your scenarios and SMART objectives, and flag any risks that surfaced along the way.\"}, {\"@type\": \"HowToStep\", \"position\": 7, \"name\": \"Make the go or no-go decision\", \"text\": \"Weigh the full picture and decide whether the project is worthwhile. A well-run study makes this final call feel obvious rather than uncertain.\"}]}\n<\/script>","sidebar_color_banner":"","custom_tags":false,"faqs":[{"faq_title":"FAQs","faq_shortcode":"faqs","faq":[{"question":"How much does a feasibility study cost?","answer":"<p>The cost varies significantly based on your location, who conducts the study, and its scope. <span style=\"color: rgb(0, 0, 0);\">Having someone within your company perform the study is usually the most cost-effective option, while specialized consultants can significantly increase the cost.<\/span><\/p>\n"},{"question":"Who conducts a feasibility study?","answer":"<p>A feasibility study can be conducted by an internal team, such as a project manager and finance staff, or outsourced to a specialized consultant. Internal teams keep costs down, while consultants offer independent expertise for high-stakes projects.<\/p>\n"},{"question":"What are the main types of feasibility?","answer":"<p>The main types are technical, economic, legal, operational, and scheduling feasibility, often summarized as the TELOS framework. Many studies add market feasibility to gauge real customer demand.<\/p>\n"},{"question":"How does monday AI Workspace support a feasibility study?","answer":"<p>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one workspace. Teams can model timelines, automate approvals, and use AI agents to flag risks early, keeping the whole study connected from first screen to final decision.<\/p>\n"}]}],"activate_cta_banner":false,"sections":[{"acf_fc_layout":"content_1","blocks":[{"main_heading":"","content_block":[{"acf_fc_layout":"text","content":"<p>Before you commit real money and time to a promising project, you need proof it will actually work. A feasibility study replaces enthusiasm with evidence, testing your idea against financial, technical, legal, operational, and scheduling realities\u00a0so you can move forward with confidence instead of hope.<\/p>\n<p>This guide walks you through the 5 core types of feasibility studies, the 7-step process for conducting one, and how to keep your research, timelines, and stakeholder decisions connected in one clear workspace. You&#8217;ll learn how to turn scattered analysis into a structured go or no-go decision that protects your resources and strengthens every project choice that follows.<\/p>\n"}]},{"main_heading":"Key takeaways","content_block":[{"acf_fc_layout":"text","content":"<ul>\n<li><strong>Feasibility studies test viability before commitment: <\/strong>A feasibility study determines whether a proposed project is practical and worth pursuing before you commit major resources.<\/li>\n<li><strong>Five core types form the TELOS framework: <\/strong>There are 5 core feasibility types: technical, economic, legal, operational, and scheduling, often summarized as the TELOS framework.<\/li>\n<li><strong>Seven steps structure the analysis: <\/strong>A structured feasibility study follows 7 steps, from a preliminary screen through to a final go or no-go decision.<\/li>\n<li><strong>Feasibility studies precede business plans: <\/strong>A feasibility study answers whether a project is viable, while a business plan maps out how to grow it once viability is confirmed.<\/li>\n<li><strong>monday AI Workspace connects the entire process: <\/strong>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one connected workspace so teams reach confident decisions faster.<\/li>\n<\/ul>\n<p><a class=\"cta-button blue-button\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\" rel=\"noopener\" aria-label=\"Get started with monday.com\" data-index=\"1\">Get started with monday.com<\/a><\/p>\n"}]},{"main_heading":"What is a feasibility study?","content_block":[{"acf_fc_layout":"text","content":"<p>The main objective of a feasibility study is to determine whether a proposed project is practical and worth pursuing before major resources are committed. It answers one question directly: Can we realistically do this, and should we?<\/p>\n<p>A feasibility study determines how practical a proposed project, plan, or method is. Although it&#8217;s most often used in project management, you can conduct a feasibility study to test a new business idea or even the operational feasibility of a change in workflow for an existing business.\u00a0A feasibility study looks at how realistic an idea or plan is by examining numerous factors, including data, studies, and other applicable information. Government guidance on <a href=\"https:\/\/www.business.qld.gov.au\/starting-business\/starting-buying\/planning\/feasibility-analysis\">feasibility analysis<\/a> notes that it helps you weigh the costs and activities of a venture so you can make an informed decision before you commit.<\/p>\n<p>Using feasibility studies to accurately compare the cost\u00a0and\u00a0benefit of any proposal can significantly improve your decision-making by giving you the information you need to confidently give a project the go-ahead, or turn it down. Think of it as a structured reality check that sits between the initial idea and the formal commitment. Next, let&#8217;s look at how a feasibility study works to reveal the true potential of a project proposal.<\/p>\n"},{"acf_fc_layout":"image","image_type":"normal","image":359654,"image_link":""}]},{"main_heading":"How does a feasibility study work?","content_block":[{"acf_fc_layout":"text","content":"<p>A feasibility study looks at all applicable information, studies, data, and other relevant resources to determine the viability of a proposed project or venture. For most businesses, a feasibility study will primarily rest on financial implications like ROI.<\/p>\n<p>A project manager will review and analyze the man-hours, tools, technology, and other resources needed to complete the project successfully. Then, using market research, they&#8217;ll estimate what the financial projections are most likely to be in terms of incoming cash flow.<\/p>\n<p>One way to determine whether a project is worthwhile is to see if the ROI is positive. The project manager typically compares the expected costs against projected returns and identifies the point at which the investment pays for itself.\u00a0However, a feasibility study isn&#8217;t based solely on financial implications, since not every benefit your company gains from a project is monetarily quantifiable. Other factors also come into consideration:<\/p>\n<ul>\n<li>How will the community or your customers respond to this plan or project?<\/li>\n<li>How might the plan improve your company&#8217;s operations moving forward?<\/li>\n<li>What are the non-financial pros and cons associated with this plan?<\/li>\n<li>Are there aspects specific to your industry that you need to consider?<\/li>\n<\/ul>\n<p>Modern feasibility reports go a step further than a single ROI figure. Instead of one projection, teams increasingly build multi-scenario ROI models that compare optimistic, pessimistic, and neutral outcomes, then stress-test the project&#8217;s objectives against SMART criteria so each goal is specific, measurable, achievable, relevant, and time-bound. This produces a more resilient risk assessment because it shows how the project holds up when conditions shift, not just when everything goes right.<\/p>\n"},{"acf_fc_layout":"colored_notification","text":"<p>Feasibility studies give you a comprehensive understanding of the risks and benefits tied to any project plan, and they surface points of vulnerability early, which feeds directly into your broader <a href=\"https:\/\/monday.com\/blog\/project-management\/project-risk-management\/\">project risk management<\/a> process.<\/p>\n<p>A study might reveal that a project is technically sound but legally blocked, or financially attractive but impossible to staff on the proposed timeline. Catching those tensions on paper is far cheaper than discovering them mid-launch.<\/p>\n","quote":false,"author":"","position":"","avatar":false},{"acf_fc_layout":"text","content":"<p>Real-time dashboards make it easier to compare those ROI scenarios side by side and update them as fresh market data arrives. The study ends with a clear go or no-go decision: enough evidence to move forward with confidence, or enough warning to walk away before the costs mount. Either outcome is a win, because both save you from committing to the wrong project.<\/p>\n"}]},{"main_heading":"5 types of feasibility studies","content_block":[{"acf_fc_layout":"text","content":"<p>The main types of feasibility are technical, economic, legal, operational, and scheduling, a set often shortened to the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Feasibility_study\">TELOS framework<\/a>, with market feasibility frequently added as a sixth lens. Each type answers a distinct question, and a thorough study works through all of them so no critical risk goes unexamined.<\/p>\n<p>Here&#8217;s how the 5 core types break down:<\/p>\n<ul>\n<li><strong>Technical feasibility<\/strong> assesses whether you have the tools, technology, infrastructure, and technical skills to build and run the project, or whether you can realistically acquire them.<\/li>\n<li><strong>Economic feasibility<\/strong> weighs the projected costs against the expected returns, including ROI, cash flow, and the break-even point, to confirm the project makes financial sense.<\/li>\n<li><strong>Legal feasibility<\/strong> checks whether the project complies with laws, regulations, contracts, zoning rules, and data-protection requirements that apply to your industry.<\/li>\n<li><strong>Operational feasibility <\/strong>examines whether the project fits how your organization actually works day to day and whether your teams can support it once it launches.<\/li>\n<li><strong>Scheduling feasibility <\/strong>evaluates whether the proposed timeline is realistic given your resources, dependencies, and competing priorities.<\/li>\n<li><strong>Market feasibility <\/strong>rounds out the picture by testing whether real demand exists: the size of the audience, the competition, and the likelihood that customers will actually adopt what you&#8217;re offering.<\/li>\n<\/ul>\n<p>This table below shows what each type covers at a glance:<\/p>\n\n<table id=\"tablepress-3793\" class=\"tablepress tablepress-id-3793 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Feasibility type<\/th><th class=\"column-2\">Question it answers<\/th><th class=\"column-3\">What it assesses<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Technical<\/td><td class=\"column-2\">Can we build it with the tools and skills we have?<\/td><td class=\"column-3\">Technology, infrastructure, technical expertise, and resource readiness<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Economic<\/td><td class=\"column-2\">Will it pay off financially?<\/td><td class=\"column-3\">Costs, projected returns, ROI, cash flow, and break-even point<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Legal<\/td><td class=\"column-2\">Are we allowed to do it?<\/td><td class=\"column-3\">Laws, regulations, contracts, zoning, and compliance requirements<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Operational<\/td><td class=\"column-2\">Does it fit how we work?<\/td><td class=\"column-3\">Day-to-day processes, team capacity, and organizational fit<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Scheduling<\/td><td class=\"column-2\">Can we deliver it on time?<\/td><td class=\"column-3\">Timeline, dependencies, milestones, and resource availability<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Market<\/td><td class=\"column-2\">Is there sufficient demand?<\/td><td class=\"column-3\">Target audience, market size, competition, demand, and customer adoption<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3793 from cache -->\n<p>Tracking technical and operational readiness on a shared workspace keeps every one of these assessments visible to the people who need it, so no type gets skipped in the rush to a decision.<\/p>\n<p class=\"p1\"><a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a><\/p>\n<p>&nbsp;<\/p>\n"}]},{"main_heading":"How to conduct a feasibility study in 7 steps","content_block":[{"acf_fc_layout":"text","content":"<p>The steps in a feasibility study move from a quick screen for dealbreakers to a fully evidenced go or no-go call. Following them in order keeps the analysis focused and stops you from spending weeks on a project that a preliminary check would have ruled out, and it slots neatly into your wider <a href=\"https:\/\/monday.com\/blog\/project-management\/project-planning-process\/\">project planning process<\/a>. Here are the 7 steps:<\/p>\n<ol>\n<li><strong>Run a preliminary analysis:<\/strong> Screen the idea for any insurmountable obstacles or roadblocks first. If a fatal flaw exists, you want to find it now, before you invest in deeper research.<\/li>\n<li><strong>Conduct market research:<\/strong> Gather data on demand, competitors, pricing, and audience behavior. This grounds your financial projections in real market conditions rather than assumptions.<\/li>\n<li><strong>Prepare a projected income statement:<\/strong> Map expected revenue against costs to estimate profitability. Include the resources, staffing, and technology the project will require.<\/li>\n<li><strong>Plan operations and organization:<\/strong> Detail how the project will run day to day, who owns each part, and what equipment, facilities, or processes it depends on.<\/li>\n<li><strong>Prepare an opening balance sheet:<\/strong> Lay out the projected assets, liabilities, and startup capital so stakeholders can see the financial starting point clearly.<\/li>\n<li><strong>Review and analyze the data:<\/strong> Pull every finding together, test it against your scenarios and SMART objectives, and flag any risks that surfaced along the way.<\/li>\n<li><strong>Make the go or no-go decision:<\/strong> Weigh the full picture and decide whether the project is worthwhile. A well-run study makes this final call feel obvious rather than uncertain.<\/li>\n<\/ol>\n<p>Keeping each step&#8217;s documents, owners, and timelines connected in a single <a href=\"https:\/\/monday.com\/blog\/project-management\/ai-workspace\/\">workspace<\/a> means the analysis stays organized as it grows, and everyone sees the same version of the evidence when the decision arrives.<\/p>\n"},{"acf_fc_layout":"image","image_type":"normal","image":359663,"image_link":""}]},{"main_heading":"Feasibility study example","content_block":[{"acf_fc_layout":"text","content":"<p>Imagine a midsized coffee company deciding whether to open a second roasting house in a neighboring city. The team runs a feasibility study to test the idea across every dimension before committing capital.<\/p>\n<ul>\n<li><strong>Technical feasibility<\/strong> has the team confirming the equipment and production capacity needed for a second site and whether their current roasting expertise transfers.<\/li>\n<li><strong>Economic feasibility<\/strong> means building optimistic, neutral, and pessimistic ROI scenarios, comparing projected wholesale revenue against lease, equipment, and staffing costs, then identifying the break-even point.<\/li>\n<li><strong>Legal feasibility<\/strong> surfaces zoning and food-safety requirements for the new location,<\/li>\n<li><strong>Operational feasibility<\/strong> tests whether their existing supply chain and management team can support 2 sites without straining quality.<\/li>\n<li><strong>Scheduling feasibility<\/strong> maps the buildout timeline against their busy season to avoid launching during a supply crunch.<\/li>\n<li><strong>Market feasibility <\/strong>is where the team surveys wholesale accounts and local demand in the new city to confirm the appetite is real before they build capacity around it.<\/li>\n<\/ul>\n<p>The neutral and pessimistic scenarios both clear the break-even threshold within eighteen months, zoning is approved for the target site, and the timeline avoids peak demand. The result is a confident go decision, backed by evidence rather than instinct. Teams often document an example like this on a shared board so the reasoning stays available for the next expansion decision, and so the assumptions can be revisited if conditions change.<\/p>\n"}]},{"main_heading":"What industries use feasibility studies?","content_block":[{"acf_fc_layout":"image","image_type":"normal","image":357557,"image_link":""},{"acf_fc_layout":"text","content":"<p>Most industries can benefit from feasibility studies. Any organization weighing a significant investment, a new market, or a major operational change can use one to test the idea before acting. That said, this decision-making tool is most commonly used in project management, real estate, and the food industry, where the stakes of a wrong call are especially high.<\/p>\n<h3>Project management<\/h3>\n<p>As a project manager, you might use a feasibility study to:<\/p>\n<ul>\n<li><strong>Determine viability:<\/strong>\u00a0Confirm whether a proposed product or service is realistic based on financial implications and how your target audience will respond, which fuels more confident decisions.<\/li>\n<li><strong>Understand time feasibility:<\/strong>\u00a0Assess whether the time investment from you and your team members is worthwhile, since finances aren&#8217;t the only constraint you manage.<\/li>\n<li><strong>Understand technical feasibility:<\/strong>\u00a0Check whether you have the tools and technology to bring a plan to fruition, or the resources to acquire them.<\/li>\n<\/ul>\n<h3>Real estate<\/h3>\n<p>In\u00a0real estate, brokers and agents might use feasibility studies to:<\/p>\n<ul>\n<li><strong>Determine legal requirements:<\/strong>\u00a0Establish whether the legal requirements of a bid, sale, purchase, or development are achievable while still retaining a profit.<\/li>\n<li><strong>Decide if a purchase is worthwhile:<\/strong> Compare the costs of buying, renovating, and maintaining a property until sale to judge whether it&#8217;s financially sound.<\/li>\n<li><strong>Understand whether development is possible:<\/strong>\u00a0Determine if a land development project is viable and profitable for the company and its client.<\/li>\n<\/ul>\n<h3>The food industry<\/h3>\n<p>Feasibility studies work a little differently in the food industry because they weigh financial and community implications together. For example, you might use one to decide if expanding is worthwhile, judging whether a potential new location is a financially solid choice, or comparing several venues to see which makes the most business sense.<\/p>\n<p>Or, you could use a feasibility study to help expand menus by determining which new items to add based on customer feedback and whether your audience would respond positively to a proposed dish.<\/p>\n<a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a>\n"}]},{"main_heading":"Feasibility study vs. business plan","content_block":[{"acf_fc_layout":"text","content":"<p>Feasibility studies are filled with calculations and analyses for proposed projects. Estimated projections for business costs versus returns play a vital role. The goal of a feasibility study is to decide whether a proposed project, plan, or idea is possible and worthwhile.<\/p>\n<p>Business plans, on the other hand, are detailed outlines of how a business can grow. You&#8217;ll generally find tactics, strategies, and some projections inside a business plan. Its goal is to help an organization grow, expand, or succeed as a startup.<\/p>\n\n<table id=\"tablepress-3794\" class=\"tablepress tablepress-id-3794 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Aspect<\/th><th class=\"column-2\">Feasibility study<\/th><th class=\"column-3\">Business plan<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Core question<\/td><td class=\"column-2\">Is this project viable and worth pursuing?<\/td><td class=\"column-3\">How will we grow and run this business?<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">When it's used<\/td><td class=\"column-2\">Before committing, to inform the go or no-go decision<\/td><td class=\"column-3\">After viability is confirmed, to guide execution and growth<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3794 from cache -->\n<p>In short, a feasibility study comes first to confirm viability, and a business plan follows to guide execution. Skipping straight to the business plan is a common mistake, because it assumes a positive answer to a question you haven&#8217;t actually tested yet.<\/p>\n<p class=\"p1\">\n"}]},{"main_heading":"Benefits of a feasibility study","content_block":[{"acf_fc_layout":"image","image_type":"normal","image":359636,"image_link":""},{"acf_fc_layout":"text","content":"<p>A feasibility study does more than answer a single yes-or-no question. Done well, it strengthens every decision that follows. The main benefits include:<\/p>\n<ul>\n<li><strong>De-risked investment:<\/strong> By testing assumptions before you commit capital, a feasibility study reduces the chance of pouring money into a project that was never viable.<\/li>\n<li><strong>Stakeholder and lender buy-in:<\/strong> A documented study gives investors, lenders, and executives the evidence they need to support the project with confidence.<\/li>\n<li><strong>Clearer resource planning:<\/strong> Mapping the required people, tools, and budget up front helps you allocate resources accurately instead of guessing.<\/li>\n<li><strong>Early problem detection:<\/strong> The analysis surfaces technical, legal, and operational obstacles while they&#8217;re still cheap to address.<\/li>\n<li><strong>Stronger go or no-go confidence:<\/strong> With evidence across every feasibility type, the final decision rests on data rather than instinct.<\/li>\n<\/ul>\n"}]},{"main_heading":"How to run a feasibility study with monday AI Workspace","content_block":[{"acf_fc_layout":"text","content":"<p>Creating a thorough feasibility study that leads to well-informed decisions can be challenging when research, financials, and timelines live in separate files. monday AI Workspace brings the whole process into one connected workspace, so every step stays visible and every stakeholder works from the same evidence.<\/p>\n<p><iframe loading=\"lazy\" title=\"monday.com: the best AI work platform\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/FsrNMGBq268?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Here&#8217;s how its capabilities support each part of the study.<\/p>\n<ul>\n<li><strong>Real-time dashboards:<\/strong> Build no-code <a href=\"https:\/\/monday.com\/features\/dashboards\">customizable dashboards<\/a> to compare optimistic, neutral, and pessimistic ROI scenarios side by side and track feasibility progress across teams, with AI-generated summaries and proactive risk alerts.<\/li>\n<li><strong>Gantt and timelines:<\/strong> Use <a href=\"https:\/\/monday.com\/features\/gantt\">Gantt software<\/a> to model the proposed project timeline, map dependencies, and test scheduling feasibility before you commit.<\/li>\n<li><strong>Connected documents:<\/strong> Keep feasibility reports, market research, and financials in one live document with the <a href=\"https:\/\/monday.com\/workdocs\">Workdocs feature<\/a>, linked directly to your board data so nothing drifts out of sync.<\/li>\n<li><strong>Automations:<\/strong> Route approvals, reminders, and handoffs automatically so the study moves from step to step without manual chasing.<\/li>\n<li><strong>monday agents:<\/strong> The Risk Analyzer agent surfaces project risks and resource constraints early, giving you sharper input for the go or no-go call.<\/li>\n<li><strong>monday vibe:<\/strong> Spin up a custom feasibility-scoring or ROI-modeling app from a plain-language prompt, without waiting on developers.<\/li>\n<li><strong>monday MCP:<\/strong> Let connected AI assistants read your board data to answer feasibility questions and draft summaries, all within the platform&#8217;s permission model.<\/li>\n<\/ul>\n<p>Framed simply, the platform reduces the manual coordination that usually slows a feasibility study down. Owners always know which step is theirs, financials update as new numbers land, and the risks that matter rise to the top instead of hiding in a spreadsheet tab. The difference becomes clear when you compare a traditional spreadsheet-based study to one run on the platform.<\/p>\n\n<table id=\"tablepress-3795\" class=\"tablepress tablepress-id-3795 bold-left-column\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Capability<\/th><th class=\"column-2\">Manual or spreadsheet feasibility study<\/th><th class=\"column-3\">Feasibility study on monday AI Workspace<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Data centralization<\/td><td class=\"column-2\">Research and financials scattered across files and inboxes<\/td><td class=\"column-3\">Reports, research, and financials connected in one workspace<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">ROI and scenario modeling<\/td><td class=\"column-2\">Static tabs that require manual updates<\/td><td class=\"column-3\">Live dashboards that compare scenarios in real time<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Risk detection<\/td><td class=\"column-2\">Risks spotted late, if at all<\/td><td class=\"column-3\">Risk Analyzer surfaces project risks and resource constraints<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Collaboration<\/td><td class=\"column-2\">Version confusion and email back-and-forth<\/td><td class=\"column-3\">Real-time co-editing with a single source of truth<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Reporting<\/td><td class=\"column-2\">Manual roll-ups for each stakeholder update<\/td><td class=\"column-3\">Automated, AI-generated summaries ready to share<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3795 from cache -->\n"}]},{"main_heading":"Turn feasibility into confident go decisions","content_block":[{"acf_fc_layout":"text","content":"<p>A feasibility study replaces guesswork with evidence, surfaces risks while they&#8217;re still manageable, and delivers a clear go or no-go decision you can defend to any stakeholder.\u00a0It tests your project across technical, economic, legal, operational, and scheduling dimensions, then gives you the confidence to move forward or the clarity to walk away before costs mount.<\/p>\n<p>The monday AI Workspace brings the entire process into one connected platform, so your research, ROI scenarios, and risk tracking stay organized and visible to everyone who needs it. Real-time dashboards, AI-powered risk detection, and automated workflows turn scattered analysis into confident decisions faster.<\/p>\n<p class=\"p1\"><a class=\"cta-button blue-button\" aria-label=\"Get Started\" href=\"https:\/\/auth.monday.com\/users\/sign_up_new\" target=\"_blank\">Get Started<\/a><\/p>\n"}]},{"main_heading":"","content_block":[{"acf_fc_layout":"text","content":"<div class=\"accordion faq\" id=\"faq-faqs\">\n  <h2 class=\"accordion__heading section-title text-left\">FAQs<\/h2>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-1\"\n      aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">How much does a feasibility study cost?        <svg class=\"angle-arrow angle-arrow--down\" width=\"32\" height=\"32\" viewBox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.5303 20.8839C16.2374 21.1768 15.7626 21.1768 15.4697 20.8839L7.82318 13.2374C7.53029 12.9445 7.53029 12.4697 7.82318 12.1768L8.17674 11.8232C8.46963 11.5303 8.9445 11.5303 9.2374 11.8232L16 18.5858L22.7626 11.8232C23.0555 11.5303 23.5303 11.5303 23.8232 11.8232L24.1768 12.1768C24.4697 12.4697 24.4697 12.9445 24.1768 13.2374L16.5303 20.8839Z\" fill=\"black\"\/>\n        <\/svg>\n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-1\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The cost varies significantly based on your location, who conducts the study, and its scope. <span style=\"color: rgb(0, 0, 0);\">Having someone within your company perform the study is usually the most cost-effective option, while specialized consultants can significantly increase the cost.<\/span><\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-2\"\n      aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">Who conducts a feasibility study?        <svg class=\"angle-arrow angle-arrow--down\" width=\"32\" height=\"32\" viewBox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.5303 20.8839C16.2374 21.1768 15.7626 21.1768 15.4697 20.8839L7.82318 13.2374C7.53029 12.9445 7.53029 12.4697 7.82318 12.1768L8.17674 11.8232C8.46963 11.5303 8.9445 11.5303 9.2374 11.8232L16 18.5858L22.7626 11.8232C23.0555 11.5303 23.5303 11.5303 23.8232 11.8232L24.1768 12.1768C24.4697 12.4697 24.4697 12.9445 24.1768 13.2374L16.5303 20.8839Z\" fill=\"black\"\/>\n        <\/svg>\n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-2\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>A feasibility study can be conducted by an internal team, such as a project manager and finance staff, or outsourced to a specialized consultant. Internal teams keep costs down, while consultants offer independent expertise for high-stakes projects.<\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-3\"\n      aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">What are the main types of feasibility?        <svg class=\"angle-arrow angle-arrow--down\" width=\"32\" height=\"32\" viewBox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.5303 20.8839C16.2374 21.1768 15.7626 21.1768 15.4697 20.8839L7.82318 13.2374C7.53029 12.9445 7.53029 12.4697 7.82318 12.1768L8.17674 11.8232C8.46963 11.5303 8.9445 11.5303 9.2374 11.8232L16 18.5858L22.7626 11.8232C23.0555 11.5303 23.5303 11.5303 23.8232 11.8232L24.1768 12.1768C24.4697 12.4697 24.4697 12.9445 24.1768 13.2374L16.5303 20.8839Z\" fill=\"black\"\/>\n        <\/svg>\n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-3\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The main types are technical, economic, legal, operational, and scheduling feasibility, often summarized as the TELOS framework. Many studies add market feasibility to gauge real customer demand.<\/p>\n    <\/div>\n  <\/div>\n    <div class=\"accordion__item\">\n    <a class=\"accordion__button d-block\" data-toggle=\"collapse\" data-parent=\"#faq-faqs\" href=\"#q-faqs-4\"\n      aria-expanded=\"false\">\n      <h3 class=\"accordion__question\">How does monday AI Workspace support a feasibility study?        <svg class=\"angle-arrow angle-arrow--down\" width=\"32\" height=\"32\" viewBox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.5303 20.8839C16.2374 21.1768 15.7626 21.1768 15.4697 20.8839L7.82318 13.2374C7.53029 12.9445 7.53029 12.4697 7.82318 12.1768L8.17674 11.8232C8.46963 11.5303 8.9445 11.5303 9.2374 11.8232L16 18.5858L22.7626 11.8232C23.0555 11.5303 23.5303 11.5303 23.8232 11.8232L24.1768 12.1768C24.4697 12.4697 24.4697 12.9445 24.1768 13.2374L16.5303 20.8839Z\" fill=\"black\"\/>\n        <\/svg>\n      <\/h3>\n    <\/a>\n    <div id=\"q-faqs-4\" class=\"accordion__answer collapse collapse--md\" data-parent=\"#faq-faqs\">\n      <p>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one workspace. Teams can model timelines, automate approvals, and use AI agents to flag risks early, keeping the whole study connected from first screen to final decision.<\/p>\n    <\/div>\n  <\/div>\n  <script type='application\/ld+json'>{\n    \"@context\": \"https:\\\/\\\/schema.org\",\n    \"@type\": \"FAQPage\",\n    \"mainEntity\": [\n        {\n            \"@type\": \"Question\",\n            \"name\": \"How much does a feasibility study cost?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The cost varies significantly based on your location, who conducts the study, and its scope. <span style=\\\"color: rgb(0, 0, 0);\\\">Having someone within your company perform the study is usually the most cost-effective option, while specialized consultants can significantly increase the cost.<\\\/span><\\\/p>\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"Who conducts a feasibility study?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>A feasibility study can be conducted by an internal team, such as a project manager and finance staff, or outsourced to a specialized consultant. Internal teams keep costs down, while consultants offer independent expertise for high-stakes projects.<\\\/p>\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"What are the main types of feasibility?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The main types are technical, economic, legal, operational, and scheduling feasibility, often summarized as the TELOS framework. Many studies add market feasibility to gauge real customer demand.<\\\/p>\\n\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"How does monday AI Workspace support a feasibility study?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"<p>The monday AI Workspace centralizes feasibility research, ROI dashboards, and risk tracking in one workspace. Teams can model timelines, automate approvals, and use AI agents to flag risks early, keeping the whole study connected from first screen to final decision.<\\\/p>\\n\"\n            }\n        }\n    ]\n}<\/script><\/div>\n\n"}]}]}],"parse_from_google_doc":false,"hide_time_to_read":false,"disclaimer":"","cornerstone_hero_cta_override":{"label":"","url":""},"menu_cta_override":{"label":"","url":""},"show_contact_sales_button":"default","override_contact_sales_label":"","override_contact_sales_url":"","show_sidebar_sticky_banner":false,"custom_header_banner":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Feasibility Study: Definition, Types, Steps, and Examples<\/title>\n<meta name=\"description\" content=\"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feasibility study: Definition, types, steps, and examples\" \/>\n<meta property=\"og:description\" content=\"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/\" \/>\n<meta property=\"og:site_name\" content=\"monday.com Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-26T19:05:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-30T17:20:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1344\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chaviva Gordon-Bennett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chaviva Gordon-Bennett\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/\"},\"author\":{\"name\":\"Chaviva Gordon-Bennett\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#\\\/schema\\\/person\\\/b8084e7f6bd2d1c37229112fd3b63f89\"},\"headline\":\"Feasibility study: Definition, types, steps, and examples\",\"datePublished\":\"2026-08-26T19:05:14+00:00\",\"dateModified\":\"2026-08-30T17:20:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/\"},\"wordCount\":7,\"publisher\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/feasibility-study.png\",\"articleSection\":[\"Project management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/\",\"name\":\"Feasibility Study: Definition, Types, Steps, and Examples\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/feasibility-study.png\",\"datePublished\":\"2026-08-26T19:05:14+00:00\",\"dateModified\":\"2026-08-30T17:20:19+00:00\",\"description\":\"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#primaryimage\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/feasibility-study.png\",\"contentUrl\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/feasibility-study.png\",\"width\":1344,\"height\":768,\"caption\":\"Feasibility study Definition types steps and examples\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/feasibility-study\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/monday.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Project management\",\"item\":\"https:\\\/\\\/monday.com\\\/blog\\\/project-management\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Feasibility study: Definition, types, steps, and examples\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/\",\"name\":\"monday.com Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/monday.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#organization\",\"name\":\"monday.com Blog\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/res.cloudinary.com\\\/monday-blogs\\\/fl_lossy,f_auto,q_auto\\\/wp-blog\\\/2020\\\/12\\\/monday.com-logo-1.png\",\"contentUrl\":\"https:\\\/\\\/res.cloudinary.com\\\/monday-blogs\\\/fl_lossy,f_auto,q_auto\\\/wp-blog\\\/2020\\\/12\\\/monday.com-logo-1.png\",\"width\":200,\"height\":200,\"caption\":\"monday.com Blog\"},\"image\":{\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/#\\\/schema\\\/person\\\/b8084e7f6bd2d1c37229112fd3b63f89\",\"name\":\"Chaviva Gordon-Bennett\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Headshot-2020-150x150.jpeg\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Headshot-2020-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/monday.com\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Headshot-2020-150x150.jpeg\",\"caption\":\"Chaviva Gordon-Bennett\"},\"description\":\"Chaviva is an experienced content strategist, writer, and editor. With two decades of experience as an editor and more than a decade of experience leading content for global brands, she blends SEO expertise with a human-first approach to crafting clear, engaging content that drives results and builds trust.\",\"url\":\"https:\\\/\\\/monday.com\\\/blog\\\/author\\\/chaviva-gordon-bennett\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Feasibility Study: Definition, Types, Steps, and Examples","description":"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/","og_locale":"en_US","og_type":"article","og_title":"Feasibility study: Definition, types, steps, and examples","og_description":"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.","og_url":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/","og_site_name":"monday.com Blog","article_published_time":"2026-08-26T19:05:14+00:00","article_modified_time":"2026-08-30T17:20:19+00:00","og_image":[{"width":1344,"height":768,"url":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png","type":"image\/png"}],"author":"Chaviva Gordon-Bennett","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Chaviva Gordon-Bennett","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#article","isPartOf":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/"},"author":{"name":"Chaviva Gordon-Bennett","@id":"https:\/\/monday.com\/blog\/#\/schema\/person\/b8084e7f6bd2d1c37229112fd3b63f89"},"headline":"Feasibility study: Definition, types, steps, and examples","datePublished":"2026-08-26T19:05:14+00:00","dateModified":"2026-08-30T17:20:19+00:00","mainEntityOfPage":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/"},"wordCount":7,"publisher":{"@id":"https:\/\/monday.com\/blog\/#organization"},"image":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#primaryimage"},"thumbnailUrl":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png","articleSection":["Project management"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/","url":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/","name":"Feasibility Study: Definition, Types, Steps, and Examples","isPartOf":{"@id":"https:\/\/monday.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#primaryimage"},"image":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#primaryimage"},"thumbnailUrl":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png","datePublished":"2026-08-26T19:05:14+00:00","dateModified":"2026-08-30T17:20:19+00:00","description":"Learn what a feasibility study is, explore key types and steps, and see how to evaluate project viability, risks, costs, and potential returns.","breadcrumb":{"@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/monday.com\/blog\/project-management\/feasibility-study\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#primaryimage","url":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png","contentUrl":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2022\/08\/feasibility-study.png","width":1344,"height":768,"caption":"Feasibility study Definition types steps and examples"},{"@type":"BreadcrumbList","@id":"https:\/\/monday.com\/blog\/project-management\/feasibility-study\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/monday.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Project management","item":"https:\/\/monday.com\/blog\/project-management\/"},{"@type":"ListItem","position":3,"name":"Feasibility study: Definition, types, steps, and examples"}]},{"@type":"WebSite","@id":"https:\/\/monday.com\/blog\/#website","url":"https:\/\/monday.com\/blog\/","name":"monday.com Blog","description":"","publisher":{"@id":"https:\/\/monday.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/monday.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/monday.com\/blog\/#organization","name":"monday.com Blog","url":"https:\/\/monday.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/monday.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/res.cloudinary.com\/monday-blogs\/fl_lossy,f_auto,q_auto\/wp-blog\/2020\/12\/monday.com-logo-1.png","contentUrl":"https:\/\/res.cloudinary.com\/monday-blogs\/fl_lossy,f_auto,q_auto\/wp-blog\/2020\/12\/monday.com-logo-1.png","width":200,"height":200,"caption":"monday.com Blog"},"image":{"@id":"https:\/\/monday.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/monday.com\/blog\/#\/schema\/person\/b8084e7f6bd2d1c37229112fd3b63f89","name":"Chaviva Gordon-Bennett","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2025\/08\/Headshot-2020-150x150.jpeg","url":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2025\/08\/Headshot-2020-150x150.jpeg","contentUrl":"https:\/\/monday.com\/blog\/wp-content\/uploads\/2025\/08\/Headshot-2020-150x150.jpeg","caption":"Chaviva Gordon-Bennett"},"description":"Chaviva is an experienced content strategist, writer, and editor. With two decades of experience as an editor and more than a decade of experience leading content for global brands, she blends SEO expertise with a human-first approach to crafting clear, engaging content that drives results and builds trust.","url":"https:\/\/monday.com\/blog\/author\/chaviva-gordon-bennett\/"}]}},"auth_debug":{"user_exists":false,"user_id":0,"user_login":null,"roles":[],"authenticated":false,"get_current_user_id":0},"_links":{"self":[{"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/posts\/103868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/users\/268"}],"replies":[{"embeddable":true,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/comments?post=103868"}],"version-history":[{"count":9,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/posts\/103868\/revisions"}],"predecessor-version":[{"id":359672,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/posts\/103868\/revisions\/359672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/media\/359646"}],"wp:attachment":[{"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/media?parent=103868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/categories?post=103868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monday.com\/blog\/wp-json\/wp\/v2\/tags?post=103868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}