combines the resourced pool of qualitive and innovative resources to create an evaluation document designed to access the technical and economic viability of a new business or existing one. Its objective is to establish what criteria are to be met to attain the desired outcome and to reason if and how the company can meet these criteria, given its current vision, capabilities, and resources.Companies conduct a feasibility study when they think about starting a new business, adding a new production line, adding a new product, developing an expansion plan, or acquiring a new competitor, in order to evaluate the possibility of success of the proposed plan or project by specifying the expected costs and expected benefits in detail.