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Yes, it is possible to create a compact project on Raspberry Pi that can perform basic tasks for software components. Raspberry Pi is a versatile platform that can be used for a wide range of applications including software component tasks. With its small form factor and low power consumption, it is an ideal platform for creating compact projects.

To create a project, you can use various programming languages such as Python or C++ to write the software components. You can then implement these software components on the Raspberry Pi and program it to perform the desired tasks.

Some examples of basic tasks that can be performed by Raspberry Pi include:

1. Running a web server to host a website or web application.

2. Collecting data from sensors and processing it.

3. Controlling motors and other actuators.

4. Running a media center to stream videos and music.

Overall, the Raspberry Pi has a wide range of capabilities when it comes to software component tasks, and with the right programming and hardware, you can create a compact project that performs basic tasks for software components.