Screen the opportunity before deeper investment
Before investing the time and resources required for a full feasibility study, a pre-feasibility assessment identifies what appears to have the potential to succeed and which factors may prevent the project from moving forward.
It is generally faster and less costly than a full feasibility study while still providing useful early insight. The goal is not to replace detailed engineering, commercial diligence or specialist verification. It is to support an informed decision about whether deeper study is justified.