Final answer:
A feasibility analysis critically assesses Market Analysis, Financial Projections, and Risk Assessment to determine the viability of a project or business venture.
Step-by-step explanation:
The three critical success factors analyzed in a feasibility analysis are: Market Analysis, Financial Projections, and Risk Assessment. These components are essential in evaluating the viability of a new project, business, or investment. Market Analysis involves studying the marketplace to understand the demand, competition, customer behavior, and potential market size. Financial Projections entail forecasting revenues, expenses, cash flow, and determining the financial viability of the project. Lastly, Risk Assessment helps identify potential risks and uncertainties associated with the project, and the strategies to mitigate them. These elements form the cornerstone of a detailed feasibility study and are crucial for decision-making processes in business development.