Explanation A feasibility study is a type of document that evaluates the potential solution alternatives and their expected benefits, costs, risks, and impacts on the organization and its stakeholders. A feasibility study also provides data and statistics to support the analysis and recommendations. A feasibility study helps the decision makers to select the most viable and beneficial solution for the business need. References: CBAP Handbook, page 10, section 3.4.2.3 BABOK Guide, page 100, section 6.1.5.2