Project teams are a key component of any successful business. They are groups of people who come together to work on a specific project or task, with the goal of achieving a specific outcome. The official business definition of a project team is a group of individuals who are assigned to work together to achieve a common goal or set of objectives. The team members are typically chosen based on their skills and experience, and they are given a set of tasks to complete. The team works together to plan, coordinate, and execute the project, and they are responsible for monitoring progress and ensuring that the project is completed on time and within budget. Project teams are essential for businesses to achieve their goals and objectives, and they can help to increase efficiency and productivity.