Feasibility study

{
  "id": "MLC-T-INS-003649",
  "term": "Feasibility study",
  "field": "Insurance and risk management",
  "definition": "An assessment conducted during the initial stages of a proposed project to analyze its viability from technical, financial, and legal perspectives. In risk management, the study identifies potential hazards, estimates the costs of risk mitigation measures, and evaluates the project's expected return against its risk profile. The final report provides decision-makers with the data needed to approve, modify, or reject the proposed undertaking before committing extensive resources.",
  "url": "https://mlchart.com/terminology/insurance/feasibility-study/"
}