What structure combines both functional and product structures for project oversight?

The matrix structure is designed to combine the strengths of functional and product structures, enabling organizations to achieve effective project oversight. In this configuration, team members report to both functional managers and project managers, which encourages collaboration and flexibility.

This approach allows for efficient resource utilization across different projects while also maintaining the benefits of functional specialization. Employees can share their expertise across various projects, leading to enhanced innovation and efficiency. Moreover, it enables better communication and coordination among different parts of the organization, which is crucial for project success.

Organizations that adopt a matrix structure are well-equipped to manage complex projects that require diverse skills and inputs from multiple departments, making it a popular choice in dynamic and competitive business environments.