Project Idea

PROJECT IDEA:   This can be defined as a tentative investment proposal based on the initial identification and evaluation of demand or resources. No benefit or cost analysis is conducted but the proposal must address a problem or a need.

PROJECT PROFILE: A preliminary project is a proposal in which costs and benefits are estimated. This is second stage of a successively more detailed project analysis. It is a process that proceeds from project idea to profile to pre – feasibility to feasibility and to final design.

Creativity and Productivity
Because of the randomness in idea generation, having great ideas is not a task that can be approached directly. The only way to increase the likelihood of having great ideas is to increase the amount of ideas that you have at your disposal to form connections. Ideas, no matter how simple, are the raw materials for higher-level ideas. The more ideas you have, the more material your mind will have to associate and generate a good one. Nobel prize-winner Linus Pauling summarized this effective strategy in a single sentence:
The best way to have a good idea is to have lots of ideas.
Being prolific, then, is the key to have great ideas. In creativity matters, there’s no tradeoff between quantity and quality: it is only through quantity that you get quality.
We should abandon the myth of the genius that only has great ideas. It seems that every piece of work created by a genius is brilliant, but that happens because only their greatest creations get any publicity at all. The truth is that they could never have generated such brilliant creations without being tremendously productive. Consider these examples:

HOW TO GENERATE IDEAS
Another interesting fact about breakthrough ideas is that their quality is completely unrelated to the quality of other ideas by the same person. As a matter of fact, if you look at many geniuses’ most prolific periods, you’ll find a common pattern: it was exactly when they produced their...