Feasibility Study is a specific business plan, which can sometimes focus on one aspect or a project. This study can initiate in an existing organization as a one-time project, or as an accompanying activity aiming to achieve a structured business plan.
There are different types of feasibility studies: one try to create a forecast for the long run, while the other is an expression for field examination over a short period.
These studies include an overall analysis of the future environment the business wants to integrate into, and other parameters presented by the applicant such as economic strength, a desirable level of involvement, professional knowledge or provider dependence. The conclusions might proclaim unequivocal results regarding the next course of action, or provide tools and utilities which can help the organization to recheck business actions under different conditions.