Feasibility studies are a specialized skill that involves conducting research and analysis in order to determine whether a proposed project or initiative is viable, practical, and worth pursuing. This typically involves examining factors such as market demand, regulatory requirements, resource availability, financial feasibility, and potential risks or barriers to success. Feasibility studies are often used to inform decision-making for business ventures, product development, infrastructure projects, and other complex initiatives. Expertise in conducting and interpreting feasibility studies is considered a valuable skill in many industries and professions.