What is Matrix Management?
Matrix management is a type of organizational management in which people with similar skills are pooled for work assignments. For example, all engineers may be in one engineering department and report to an engineering manager, but these same engineers may be assigned to different projects and report to a project manager while working on that project.
Why is Matrix Management used?
•Align your business with your customers
•Optimize (streamline) business processes & projects
•Increase cross-functional cooperation
•Allocate resources for the good of the enterprise instead of the good of the function
The new matrix management strategy to manage both vertically as well as horizontally allows businesses to effectively do business process monitoring (BPM) and business activity monitoring (BAM).
The VirCIO Group, through our assessment methodology, can transform your business structure into a matrix-organized structure. You will immediately see results in efficiencies and accountability. Most importantly, your business will be organized to satisfy your customers and create a goal-oriented workforce.
