What is the primary aim of a feasibility study in construction?

A feasibility study in construction primarily aims to determine the viability of a proposed project. This involves a comprehensive analysis of several factors, including the project's economic, technical, legal, and operational feasibility. By assessing these various aspects, stakeholders can establish whether the project is achievable and worthwhile to pursue before committing significant resources or efforts.

Understanding the viability encompasses evaluating potential market demand, site conditions, necessary permits, and financial projections. This thorough examination helps ensure that the proposed project is realistic and beneficial, effectively guiding decision-makers in their planning processes. The focus on fundamental viability sets it apart from the other options, which, while relevant to different aspects of project planning, do not capture the overall purpose of a feasibility study as thoroughly.