A feasibility study systematically gathers and analyzes data to determine the practicality and profitability of a proposed business undertaking. It examines the nature, benefits, aspects, processes, roles of practitioners, and limitations of a project feasibility study. Major aspects studied include management, marketing, technology, taxation, legal issues, the environment, financial projections, sources of financing, profitability, and social desirability. The financial study also outlines assumptions, projected financial statements, possible outside financing, and an analysis of financial projections.