Services Acquisition Reform Act of 2002 - Directs the Administrator of General Services to establish a fund for acquisition workforce training across executive agencies other than the Department of Defense.

Authorizes the detail of a Federal agency employee to a private sector organization, or a private sector employee to a Federal agency, in the case of employees who: (1) work in Federal acquisition or acquisition management; (2) are considered exceptional performers; and (3) are expected to assume increased acquisition management responsibilities.

Authorizes an agency head to determine that certain Federal acquisition positions are shortage category positions in order to recruit and hire employees with high qualifications.

Requires the Federal Acquisition Regulation to be amended to permit the use of telecommuting by employees of Federal contractors.

Requires the Administrator of the Office of Federal Procurement Policy to develop and implement a plan to assure that the Federal Government maintains a core in-house architectural and engineering capability to determine each agency's need for services.

Directs the head of each agency to appoint a Chief Acquisition Officer.

Requires a study on Federal laws, orders, and regulations that hinder the performance of acquisition functions across department or agency lines and that otherwise impact the use of Government-wide contracts.

Allows Government purchase card purchases of up to $25,000 (currently $2,500) without obtaining competitive quotations if the employee involved determines the price is reasonable.

Extends through FY 2005 the franchise fund pilot program.

Sets forth procedures for the protest of an alleged violation by an armed forces agency of an acquisition law or regulation.

Authorizes armed forces agency heads to enter into: (1) share-in-savings contracts with Federal contractors; and (2) performance-based service contracts. Limits such contracts to ten-year periods.

Provides a Federal acquisition preference for, and incentives for the use of, performance-based contracts.

Authorizes the Administrator of General Services to provide for the use by State or local governments of Federal supply schedules for automated data processing equipment, software, supplies, support equipment, and services.

Authorizes the head of an agency to: (1) engage in research and development projects that have the potential to facilitate defense against, or recovery from, terrorism or nuclear, biological, chemical, radiological, or technological attack; and (2) carry out related prototype projects.

Authorizes the inflationary adjustment of the simplified acquisition threshold.