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As many executives can attest, however, shepherding projects through to completion using virtual teams can have both advantages and disadvantages. Here is an overview of both:
Benefits of Virtual Software Development Teams.
There are several direct benefits of virtual teams. Because they are global in nature, you can take advantage of high degrees of expertise while paying much less than the prevailing wage. Since all parties come together for a single purpose, utilizing an offshore software development company also leads to shorter project durations and balanced team resources. Further, because the team members work from various locations, the risks are more evenly distributed.