Meaning of the word "feasibility study" in English

What does "feasibility study" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

feasibility study

US /ˌfiː.zəˈbɪl.ə.ti ˈstʌd.i/
UK /ˌfiː.zəˈbɪl.ə.ti ˈstʌd.i/
"feasibility study" picture

Noun

an assessment of the practicality of a proposed plan or project

Example:
Before launching the new product, they conducted a thorough feasibility study.
The architect presented the results of the feasibility study for the new building project.