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Editor's Note: Take a look at our featured best practice, Matrix Organization: Matrix Management 2.0 (26-slide PowerPoint presentation). Matrix Management 2.0 is a state-of-the art integrated Management System for matrix organizations. It is designed to improve how companies lead, manage, and work in a two-dimensional matrix. The Matrix Management 2.0 (MM 2.0) shifts the focus from the vertical dimension to the horizontal. [read more]
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The Matrix Organizational structure has a great influence on Project Management. The Matrix has evolved to fill the 
need of an organization to deal with great project size and complexity. This has increased organizational complexity.
However, it has also greatly added to the versatility and effectiveness of Project Management. The Matrix has permitted Project Management to be effective on both large and small projects.
A Matrix Organization is a flexible approach to structuring teams and sharing resources.
A Matrix Organization is one in which there is a dual or multiple managerial accountability and responsibility. It may mean different things to different people and in different industries.
Yet, a Matrix Organization is not for everyone. It will only work if the entire organization, from top management to project personnel, are thoroughly sold on the Matrix concept. When the Matrix is accepted as a way of life, it can bring great advantages to the company in improving output and profit.
A Matrix will work if everyone involved is a believer and every effort is expended to make it work. When this happens, an outstanding project achievement can result.
Matrix Management may have its complexities and disadvantages. But, advantages always surpass disadvantages when companies are equipped with the fundamental concepts and framework of a Matrix Organization. This approach enables organizations to solve multidisciplinary problems.
Interested in gaining more understanding of the Matrix Organization? You can learn more and download an editable PowerPoint about Matrix Organization (Primer) here on the Flevy documents marketplace.
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