What is involved in identifying projects for funding?

Identifying projects for funding involves compiling a list of planned projects that are deemed necessary or beneficial for the community or organization. This process is crucial as it creates a structured approach for determining which projects should receive financial support. By having a compiled list, decision-makers can prioritize projects based on various factors, such as community needs, potential impact, and alignment with strategic goals.

While other activities might inform the decision about what projects to fund, they do not directly pertain to the actual act of compiling a list. Evaluating past funding performance or analyzing past operational budgets can provide insights into financial effectiveness, but they do not inherently aid in identifying new projects to propose for funding. Conducting surveys of community needs is a valuable tool for gauging priorities and interests, yet it is just one method among others to inform the broader process of project identification. Compiling the list is the essential step that consolidates this information for actionable decision-making.