A matrix organizational structure is a company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. In other words, employees have dual reporting relationships - generally to both a functional manager and a product manager. In the 1970s, Philips, a Dutch multinational electronics company, set up matrix management with its managers reporting to both a geographical manager and a product division manager. Many other large corporations, including Caterpillar Tractor, Hughes Aircraft, and Texas Instruments, also set up reporting along both functional and project lines around that time. Describe the two forms of a matrix organization and indicate the advantages of each for project management. (100 marks)

This is an essay format question of word limit 1500 words. Hope you could help me with this essay, thank you :)

SUBJECT: PROJECT MANAGEMENT