Highly competitive, transmuting market demand, and expeditious technology change, has made the management of knowledge, indispensable. The contented, committed and loyal project teams have always proved themselves to be the asset to the companies. Impeccable blends of personnel with subject matter experts (SMEs), project managers, team lead ensure the companies a competitive advantage in the market. Transformational leadership, cohesiveness, perpetual sharing of information helps each individual in one hand, on the other, stiff competition among group members, organizational politics always engenders grievance and conflict resulting in poor organizational performance. The exploratory study aimed to understand the impact of project team over employee appreciation, task autonomy of the organization and sequentially their comprehensive effect on employee Engagement. Empowerment in decision making, team reward schemes has shown a positive influence on team effectiveness. The research study has been conducted to understand the role of team, on employee Engagement mediated through the innovation appreciating organizational culture.