Quite recently Dr. Simon organized us into project teams. And strangely, I became a part of one before I knew it. The approach of forming the team was weird.
Personally, after experiencing with the Functional Organizational type in the past, learning of the Project-based type and now having an experience with the Matrix type organization, I seem to very much prefer the Matrix type over the others; it seems to make more sense and would give room for better outcome from a group.

I wonder: what type of organizational setup would you prefer to work with/manage out there: Functional, Project-based or Matrix-based; but why?