Microsoft Teams is your platform for collaboration with your colleagues. Teams allows you publish, share and work on documents collaboratively with your team. It also acts as the central hub for all of your team communication and planning.
Collaboration
Using Microsoft Teams you can create, share and edit together with your team in real time. Teams accomplishes this through integrating the editing capabilities of the online versions of Microsoft Word, Excel, and PowerPoint with the file storage functions of SharePoint Online. This means that as you are making changes to a document, your changes are published to the cloud and updated for your teammates in real time.
Communication
Strong communication is what makes a good team great, and Teams can help you with that. Every team on Teams has a general channel where all users can post questions and comments, but you can also create different channels for more specific uses, for example a channel for a new project where ideas and documents can be posted. Every channel in a team has its own folder created within SharePoint for storing files and each channel can have its own list of users who can access it.
Planning
While Teams itself does not have a lot of planning and project management capability it does integrate SharePoint Online which allows you to create project plans and assign project tasks to different team members. As well, the Planner app can be added as a tab on Team pages to help you track and assign tasks.