A traceability matrix documents 1).User and functional 
requirements.2).Design specifications that address each 
user requirement.3). Testing references (i.e. Operational 
and User Acceptance) and specific objectives orStandard 
Operations Procedures (SOPs) which verify that the user 
requirements havebeen met.

Thanks Swarnali for clearing my doubts

Test procedure : It is a document which specify steps to be 
performed to execute test cases.

Test matrices are basically used to measure the testing 
progress and control tesing.It is prepared by test manager.

Traceability matrix : It is document which map requirements 
with test cases build.It is used to measure effectiveness 
of testing.With aid of this matrix we can easily find out 
missing test cases which inturn help to reduce risk related 
to product.

Thanks Sankalp