Week 7 Discussion AssignmentLocked after Sunday,

DMBA 620 is a temporary activity that will last only for a semester. The course is also expected
to equip the student with vast knowledge that can be considered common among all the students
in this class. The knowledge contained in this course was once a project since it involved
research and resources allocation and was undertaken within a specified period of time. In this
course, the concepts and expected answers are already known by the educators hence they rely
on the information whose course and effect are already known. For example, it is already known
that increase in price will likely to lead to a reduction in demand for a normal commodity. Prior
to teaching, the price-demand concept might not be known to many but the educators know it
and thus deliver the knowledge to the students. Looking at the definition of the project, DMBA
620 only satisfy time factor since it is studied within a limited time by the student in that class.
However, the result that is obtained is not unique but common since all students get the already
known knowledge and not a new idea. To obtain new idea a student needs to think based on the
already taught knowledge to get started. Therefore, DMBA 620 is not a project but a normal
concurrent learning activity.
Opportunity cost in project selection
Selection of the project has a wide range of impact on a different channel of the company. Some
of the opportunity cost to be considered in project selection includes the value of shareholders,
the need of the customers, working ability of the employees and expected returns. The selected
projects should always aim to maximize the worth of the shareholders. The maximization should
never be for a short time instead it can be important to be long awaited rather than quick to
access and quick to die. Therefore, the company should always consider the project that can hurt
the shareholder for starting the period but offer them benefit for a long time in future. Customers
are the most important part of the organization. The project selected should always aim to offer

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DISCUSSION 7
only the best to the customers. If it does so, it will reduce competition, increase returns and
improve shareholder benefits. The project should also aim to meet the need of the employees in
terms of compensation, working condition and motivation. If the above is met, the company can
rest assured that they will offer their best. If they do so, the best product that will meet the needs
of the customers at most will be made.