It is important for project managers to understand the value of their team and thus reward them for a job well done. There are different ways to reward a team, and the PM can start by recognizing the contributions and achievements done by each member of the team. This can be done either formally or informally, where the recognition is given publicly or on a personal level. One good technique for rewarding a team is to diversify the awards given to each team member. Some members may be incentivized by money, where others may react positively to time-off or medals (Project Risk Coach, 2021). Team outings can help to reinforce camaraderie after a grueling project, which may encourage the team to continue working together in the future. The project manager can incorporate events like these into the project's budget to formalize the plans and also give the team members something to look forward to