What is feasibility?

Answer 1

Feasibility means whether it can be done in practice. Feasibility of a plan or a solution to a problem might be limited for a number of reasons: too expensive, technically not possible, not legally permitted, not the right skills to carry it through, not the right people to carry it through, too much resistance from the people involved or the people impacted, too much negative publicity and hence impact on the brand name, etc.

A feasibility study is aimed at finding out whether a proposed plan or solution is actually achievable, what the risks are, and how these risks can be mitigated (i.e. handled such that they don't have a negative impact on the project).

Answer 2

feasibility report basically the report which give the advice whether the project is feasible or not