1. Analysis of the practicability of a proposal; e.g., a description and analysis of potential cleanup alternatives for a site such as one on the National Priorities List. The feasibility study usually recommends selection of a cost-effective alternative. It usually starts as soon as the remedial investigation is underway; together, they are commonly referred to as the "RI/FS". 2. A small-scale investigation of a problem to ascertain whether a proposed research approach is likely to provide useful data.
Source: Terms of the Environment