when doing a feasibility study it s always good to have a contingency plan that is ready to test as a viable alternative if the first plan fails 
benefits of a feasibility studythere are several benefits to feasibility studies including helping project managers discern the pros and cons of undertaking a project before investing a significant amount of time and capital into it feasibility studies can also provide a company s management team with crucial information that could prevent them from entering into a risky business venture such studies help companies determine how they will grow they will know more about how they will operate what the potential obstacles are who the competition is and what the market is feasibility studies also help convince investors and bankers that investing in a particular project or business is a wise choice 