Which of the following best describes a feasibility study in construction?

A feasibility study in construction serves as a critical assessment tool that evaluates a project's viability from multiple dimensions, specifically encompassing technical, economic, legal, and scheduling aspects. This comprehensive evaluation allows stakeholders to determine whether the project can be successfully executed and completed within the constraints of available resources and market conditions.

In terms of the technical aspect, the feasibility study examines whether the proposed design and construction methods are achievable and sustainable. The economic evaluation involves estimating costs, potential returns on investment, and overall financial feasibility. Legal considerations ensure that the project complies with all necessary regulations and permits, while the scheduling component assesses whether project timelines are realistic and attainable.

Together, these factors provide decision-makers with a well-rounded understanding of the project's impracticalities or potential hurdles, making it a fundamental step in project planning and management. This holistic approach contrasts with focusing solely on design aesthetics or the performance of team members, which are more specialized assessments pertaining to different aspects of the construction process.