The document discusses the process of project identification and selection. It explains that project identification involves identifying potential solutions to problems based on various factors. There are usually multiple possible solutions, so project identification is about exploring the different alternatives. The key steps in project identification and selection are identifying objectives, conducting a SWOT analysis to evaluate strengths, weaknesses, opportunities, and threats, brainstorming alternative solutions, and screening ideas against criteria such as costs, risks, and returns.

2. Project identification
To identify the projects/solutions for a particular problem based on various factors is termed as project identification.
There could be number of possible solutions for a single problem , so having idea of that solution or identifying those various solutions is project identification

3. Project selection
Project identification
Project appraisals
Project selection

4. Project identification
Objectives strength
opportunity
weaknessthreat
Alternative project possibilities

5. Project selection
Basically the process of project identification is a process of searching for new ideas.
How do we search for new ideas?
Obviously we must first find out what are our objectives
Are our objectives to make money
Are we trying to help people in disaster without expecting any monetary returns?

6. Depending upon what your objectives are your projects would be different and very different.
Once you have identified your objectives invariably you will have to brainstorm to generate alternative solutions

7. Search new ideas
What are objectives ?
Brainstorm to generate alternate solutions
Emerging market trends
SWOT analysis
Other constraints
Shortlist candidates ideas for detailed scrutiny

8. What is the motivation for this
Projects are means to accomplish
Individual or family objectives
Organizational objectives
National or global objectives
Project response begins in response to specific need or the objective

9. Objectives
To increase profit
To increase threat to losses
To become more competitive
To provide help after disaster
To train people in new area
To reduce pollution in delhi

10. SWOT analysis
Strength
Weakness
Opportunity
Threats

11. Strength
what do you mean by strength of an organization or strength of an individual?
Typically in the strengths you could cover things like what is your experience and what is your expertise in a particular area?
What is the financial position?
How much money you have?
How much money can you raise and therefore as a company depending on your financial position you can contemplate what sort of projects you can go into.

12. What’s the amount of money that you can invest?
What is your capital raising capability?
What are your industrial contacts

13. Strengths
Experience and expertise
Financial position
Capital raising capability
Industrial contacts
foreign collaboration

14. Weakness
The unfamiliarity with new technologies could be a major weakness
Inability to raise huge investments is also a weakness
Lack of experience is in fact a very major weakness
Lack of trained personnel in a particular area is again a weakness.
Inability to forecast market trends again could be a very big weakness

15. Weaknesses
New unfamiliar technologies
Inability to raise huge investments
Lack of experience
Lack of trained personals
Inability to forecast market trends

16. Opportunities
The opportunities could be the emergence of new technologies.
There are new products coming up.
Because of better technology new processes may be developed which have better features
Special financing schemes could be opportunities.
Government and other incentives

17. Opportunities
Emerging new technologies
New products with new market
New processes with better features
Special financing schemes
Government and other incentives

18. Threats
Competitors could be one of the big threats to business
The poor state of the economy could be a threat because if the buying power of the people is low they cannot buy products
Outdated technologies are threat.
Unprofessional management skills could also be a very big threat in today’s competitive world.

19. Threats
Competitors
Poor state of economy
Outdated technology
Unprofessional management skills
New products and services

20. Where do ideas come from??
You could have the marketing and sales people coming up with an idea for a new product
Top management is generally responsible for giving ideas for new products and also for new projects
The production department will be sometimes giving you ideas about new products

21. Marketing and sales department
Research and development
Top management
Production department
Consumers

22. Brainstorming
all the top management or the people concerned get together let us say in a group and then they brainstorm and the information that is provided is the objectives that you want to achieve and the SWOT analysis.
A brainstorming is a good means to achieve this kind of innovation and to generate new project ideas.

23. Brain storming
A good means to generate new product ideas
Focus on uninhibited participation of group
Listing of ideas without suppressing creativity at the source
List of ideas subjected to screening and evaluation subsequently

24. Screening of the new ideas
one could think in terms of criteria like what is the cost of the idea?
What is the risk involved?
What is the return if I implement this idea and is it a hazardous thing?
Does it mean a threat to life or property or groups of people

25. Criteria in screening projects
Investment
Rate of return
Risk
Profit
Payback
Similarity to existing business
Expected life
Flexibility
Environment
Competition

26. Screening process