Feasibility study

[Kit]

an examination of a situation to decide if a suggested method, plan, or piece of work is possible or reasonable:

[Rihanna]

an investigation carried out by a company or other organization that examines whether a planned business activity or project is likely to be successful:

[Lizzy Liz]

A feasibility study is an analysis that takes all of a projects relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully.