It's possible that using high quality templates in your project to give it visual interest might make your project more "engaging" for your stakeholders, giving you a competitive advantage. Templates can raise the perceived professionalism of your project: The same way that a suit might make you appear more professional when going on a job interview, the use of project templates can make your project appear more professional.
Word also offers built_in table templates that enable you to insert pre_formatted "Quick Tables" into your documents. To insert a table using one of Word's templates, choose Insert > Table > Quick Tables and choose the template you'd like to use from the gallery. When you click on the template, Word will insert the pre_formatted table of your choice.