What Must Senior Executives, Functional Managers, and Project Leaders Do

question 58

Essay

What must senior executives, functional managers, and project leaders do to make a matrix structure more effective?

---

Definitions:

Critical Event

A significant occurrence that has a profound effect on operations, which may necessitate considerable adjustments to business activities.

Percentage Of Completion

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the work completed to date.

Costs Incurred

Expenses recognized in accounting, representing the cost of doing business and acquiring or producing goods.

Contract Price

The agreed-upon price for goods or services specified in a contractual agreement.