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investigation into the goals and implications of the project.<br />
◦ For a small scale project, it may not be necessary.<br />
◦ For a large scale project, it may be done but in an informal sense.<br /><br />
• When a feasibility study is carried out, there are four main areas of consideration:<br /><br />
1. Technical – Is the project technically possible?<br />
2. Financial – Can the business afford to carry out the project?<br />
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