Exam CAPM topic 1 question 245 discussion

D. Reduces project cost by use of modern technologies allowing seamless team collaboration

D. Reduces project cost by use of modern technologies allowing seamless team collaboration One of the key benefits of using virtual project teams is the potential for reducing project costs. Virtual teams leverage modern technologies and tools to collaborate and communicate, which can lead to cost savings associated with reduced travel, office space, and other overhead expenses. By enabling team members to work from different locations, organizations can tap into a global talent pool and access specialized skills without incurring the same costs as traditional collocated teams. While virtual teams may introduce certain challenges, such as managing virtual communication and team dynamics, they offer cost-effective ways to assemble and manage project teams.