Pre-feasibility report is an analysis that takes all of a project’s relevant factors into account—including economic, technical, legal, and scheduling considerations—to ascertain the likelihood of completing the project successfully. Project managers use feasibility studies to discern the pros and cons of undertaking a project before they invest a lot of time and money into it. Feasibility reports also can provide a company’s management with crucial information that could prevent the company from entering blindly into risky businesses.