Week1 PJm6215 (1)-3

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School

Northeastern University *

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6000

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Information Systems

Date

Oct 30, 2023

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pdf

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Uploaded by HighnessBoar2870

Virtual Project Team Paper 6 2. Advantages of Virtual Teams 2.1 Project Manager Perspective: As per the research by Johnson and Johnson (2019), virtual teams provide several advantages, such as access to a global talent pool and cost-efficiency. This global talent pool allows project managers to harness a wide range of skills and expertise, irrespective of geographical boundaries. The cost-efficiency arises from reduced overhead expenses, including office space and utilities. 2.2 Team Member Perspective: Smith and Brown (2018) emphasize the significance of work-life balance as a notable benefit for team members in virtual teams. The flexibility to work from different locations enables team members to attain a healthier work-life equilibrium. Reduced commuting times and the ability to create personalized work environments also contribute to heightened productivity. 2.3 Sponsor Perspective Sponsors benefit from cost savings, as highlighted by Johnson and Johnson (2019). These cost reductions can lead to improved returns on investment. Additionally, the opportunity to access top talent from across the globe enhances the potential for successful project outcomes. The ability to accelerate project execution due to different time zones further underscores the advantages of virtual teams (Johnson & Johnson, 2019). 2.4 Customer Perspective Customers gain access to a broader talent pool, ensuring the delivery of high-quality products or services. This perspective aligns with the findings of Johnson and Johnson (2019) regarding the

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