Abstract: Disclosed subject matter is related to project reusability including method and system for identifying reusable project components for building a new project. The method comprises extracting current requirement of the new project from one or more data sources, using NLP and detect pre-existing requirements associated with pre-existing projects, similar to the current requirement by performing semantic analysis of the current requirement and the pre-existing requirements using a predefined machine learning technique such as Latent Semantic Analysis (LSA) technique. Further, a similarity score is determined for each of the one or more pre-existing requirements based on degree of similarity between the current requirement and the pre-existing requirements.

Abstract: Disclosed subject matter is related to project reusability including method and system for identifying reusable project components for building a new project. The method comprises extracting current requirement of the new project from one or more data sources, using NLP and detect pre-existing requirements associated with pre-existing projects, similar to the current requirement by performing semantic analysis of the current requirement and the pre-existing requirements using a predefined machine learning technique such as Latent Semantic Analysis (LSA) technique. Further, a similarity score is determined for each of the one or more pre-existing requirements based on degree of similarity between the current requirement and the pre-existing requirements.