A projection P on a Banach space X is called "almost locally minimal" if, for every alpha > 0 small enough, the ball B(P,alpha) in the space L(X) of all operators on X contains no projection Q with \\Q\\ less than or equal to \\P\\ (1 - D alpha(2)) where D is a constant. A necessary and sufficient condition for P to be almost locally minimal is proved in the case of finite dimensional spaces. This criterion is used to describe almost locally minimal projections on l(1)(n).