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This chapter is excerpted from 'Project Teams, Second Edition: A Structured Development'. A project team is critical to project success, which, in turn, leads to the success of an organization. Projects are routinely conceived and executed to operationalize strategic objectives of organizations. Managing a project is challenging, as project managers and project team deal with both internal and external challenges. Complicating it further, developing, managing, and leading teams for traditional and agile projects are quite different. Furthermore, virtual teams present additional challenges for managing global projects. Additional challenges arise when many generations from Baby Boomers to Generation Y work together in the workplace today. A systematic structuring and developing project teams is critical for successful project performance and for a strong collaborative team effort. This book details the following: 1) Team development; 2) Team process; 3) Team performance; and 4) Social and behavioral skills. Project Teams addresses all these topics in detail and offers a practical approach to managing projects successfully in the current business environment by including concepts, processes, techniques, and tools to manage and enhance the performance of project teams and projects. This book is for project management professionals and management in the corporate world and will also be a useful resource for academic institutions in teaching management and project management disciplines.