A project manager needs to understand the importance of the acquisition of capital goods. There are many choices for capital good procurement, including buying or leasing new equipment, or buying used equipment. Describe an example from the text or your personal professional experience where your project or organization had to procure capital goods for strategic reasons. What was the type of equipment (new, used) and how was it purchased? Please comment on the benefits of the choice selected.
Suitability and reliability are two examples of quality in terms of buying materials, goods or services. Provide an example of a “best buy” from your professional experience where quality aspects were not met in accordance to the text definition of quality dimensions. What aspect of quality could be improved for future projects?