You may simply create an HTML Select option in your view.
<select id="parent" name="parent">
<option value="">Select parent </option>
</select>
EDIT : As per the comment.
When you submit the form, You can get the selected value by either having a parameter with parent name
[HttpPost]
public ActionResult Create(string parent,string otherParameterName)
{
//read and save and return / redirect
}
OR have a parent property in your ViewModel which you are using for Model binding.
public class CreateProject
{
public string parent { set;get;}
public string ProjectName { set;get;}
}
and in your action method.
[HttpPost]
public ActionResult Create(CreateProject model)
{
// check model.parent value.
}
@Html.DropDownList(null, "--Select Parent--").