The paper "Virtual Teams and Project Management" is a great example of management coursework. "Virtual" teams that comprise of individuals in various physical settings are on rising. With telecommunication tending to be standard and expansion of companies geographically, workgroups tend to span shared workplaces, far-flung offices, hotel rooms, and private homes. Armed with Wi-Fi mobile phones, and laptops, the majority of professionals can work from anywhere. The virtual team formation is apparent. With virtual teams, the employees gain the capacity to skill of managing their personal lives and work in a flexible manner (Ferrazzi 2014, p.
1). Through this, companies can acquire the lowest cost as well as the best talents globally and at the same time ensure a reduction in the cost of real estate. However, managers of information development have worked with the virtual team for numerous years (Cordes 2013, p. 13). This began with the emergence of the internet before the domination of online communication. The majority of people love working as a team in a single locality. With the emergence of the internet, workers such as writers began doing their jobs at home.
Instead of losing individual who kept on moving away, managers provided them with a chance to work in a remote setting. Many companies are saving on office space, ensuring that the employees are provided with connectivity and equipment to provide working at home (Pfister & Oehl 2009, p. 161). Following the widespread utilization of the internet, big businesses gained the capacity to save a lot of money by ensuring the movement of work to areas of low cost around the globe, and by providing the provision of work to writers in Eastern Europe and Asia.
Despite gaining a lot of experience in the management of virtual teams, the team members, as well as managers still, experience struggle to offer the right connection and communication level to enhance the productivity of the team members. According to Govindarajan and Gupta (2001), 82% of managers as well as team members had a feeling that they did not meet their goals and 33% of them felt they did not attain success. According to Deloitte (2005), the majority of the projects (66%) that virtual teams handled did not meet the requirements of the customer (Ferrazzi 2014, p.
1). The majority of the people perceive virtual communication as being unproductive compared to the interaction of face-to-face. A study done by teams of global software development proper management of the virtuous team is likely to make that team perform better than those working in the office setting (Pfister & Oehl 2009, p. 163).
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