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Hello everyone! Here is this week's free PMP® exam sample question from the PM Exam Simulator.

You are the project manager of a construction project. You find that a construction crane is needed during the project for a short period. You may or may not need that crane for future projects. Which of the following do you think is the best option?

A. Buying
B. Renting
C. Making
D. Borrowing

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HINT: What would be the cheapest option in this case?

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Answer and Explanation:
The correct answer is B.

The item is needed only for a short period of time and there is no certainty about its usage in future. Therefore, it is better to rent it than to buy it or make it. Buying a crane is quite an investment for the organization that is unsure regarding the future use of such an expensive resource. It would take capabilities and time to make one. One can argue that borrowing is a better option. Borrowing is more of an informal arrangement than renting one, so for example you may have less control over when you get it and have to return it.