What does matrix management mean? Matrix management is a technique of managing an organization (or, more commonly, part of an organization) through a series of dual-reporting relationships instead of a more traditional linear management structure.What is matrix risk management? Risk Management Matrix is a document which anticipate, manage, and mitigate risks. It defines risk triggers and weightage of risk if materializes.What is a matrix employee? Employees in a matrix organization report on day-to-day performance to the project or product manager whose authority flows sideways (horizontally) across departmental boundaries. They also continue to report on their overall performance to the head of their department whose authority flows downwards (vertically) within his or her department.