A project manager needs to obtain specialized equipment for the project. The company requires full ownership and control over the equipment, including maintenance and customization. Which procurement method should the project manager choose?
Purchasing the equipment ('Buy') is the most appropriate procurement method when full ownership and control are required. This method allows the company to own the equipment outright, providing the ability to maintain and customize it according to project needs. Building the equipment in-house might be impractical due to resource constraints or lack of expertise. Leasing or subscribing to the equipment does not grant full ownership or long-term control, as these methods involve temporary access under agreed terms.
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Why is 'buying' better than 'leasing' when full ownership and control are required?
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What are some potential challenges of building equipment in-house?
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What’s the difference between 'buying' and 'subscribing' to equipment?