V¶

Variable costs change depending on the duration and resources used for a project.

Velocity is the amount of work a team completes in a sprint or a specific period.

A virtual team is made up of members who are physically separated and who work together using communication technologies and digital platforms. These teams may be spread across different locations and even time zones. Effective management of virtual teams requires special measures to promote communication, coordination, team building and trust in order to collaborate successfully despite physical distance. Virtual teams are becoming increasingly important in project management as digitalisation progresses, so it makes sense to think about how the team will work together before the project starts.