A project team needs specialized, high-cost 3D printing equipment for a nine-month prototyping phase. The technology in this area becomes obsolete very quickly, and the organization wants to avoid a large capital expenditure on an asset it will not need after the project concludes. Which of the following procurement methods is MOST suitable for this situation?
The correct answer is Lease. Leasing is the most suitable method because it allows the project to use the expensive, specialized equipment for a fixed period without the high upfront cost of purchasing it. This method also protects the organization from the financial risk of owning an asset that will soon be obsolete.
Buying is not ideal due to the high initial cost and the rapid obsolescence of the technology, which would leave the company with an outdated asset after the project.
Building refers to creating the resource from scratch, which is not applicable to acquiring existing equipment.
A subscription model is typically associated with software or ongoing services rather than the temporary use of a single piece of physical hardware.
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