Consumer demand is putting increasing pressure on businesses to track their activities at all times in order to improve productivity and efficiency.
However, tracking a project isn’t as easy as it sounds. Between various departmental activities, communications, and partnerships, knowing exactly what’s going on with a project at any given time can be a cumbersome task.
Solving the Challenges of Partnership Management
While many businesses have solved issues related to internal project management, tracking the progress of activities which are outsourced to partners is incredibly difficult. This puts project managers at a disadvantage for industries in which partnership collaboration is essential for the completion of a project.
If you work at, or have been a part of a business that outsources project-specific activities to business partners, here are some tips on how you can solve partnership management challenges:
1. Proprietary Mechanism: Internal & Partnership Processes
A proprietary mechanism is a unique solution developed by, implemented by, and managed by you. It’s essentially turning your head away from status quo to create a solution that specifically works for your company and your situation.
Anyone who works with business partners through various projects recognizes there isn’t any “one-size-fits-all” tactic to efficiently manage these types of projects. Developing a proprietary mechanism based on your own business’ activities can help solve that. Begin by blueprinting the current process each project goes through and assigning specific milestones to each stage of the process. Whether completed internally or by partners, they can be managed and tracked along the way.
2. Partnership Management Application
There are a lot of nice applications on the market that try to simplify digital project management. However, while many apps have been developed to solve internal project management activities, Yeymo puts focus on improving external collaboration and partner management.
Yeymo is built for companies who deal with partners on a frequent basis. It promotes collaboration and helps manage company’s business network.
3. Reporting Practices
You can track activity all day long, but without proper reporting practices, tracking will never encourage change. Developing reporting practices can walk hand-in-hand with the initial roadmap and blueprinting of your propriety mechanism.
While your company may have 30 different milestones to track in each stage of a project, decide on the 4–7 most crucial stages. Report on these specific stages to give a high-level overview on how the project is progressing as a whole. This helps to hold internal departments and business partnerships accountable for their activities and timeliness.
Partnership management is a tough task — you’re accountable for both your internal department as well as partners’ activities. If the mere thought of organizing all this seems daunting to you, we recommend getting your process written down and accompanying it with the right tools. Road mapping a process through developing a proprietary mechanism can help you get started. Also, specifically developed platforms such as Yeymo can help along the way in making partnership management an easy and organized process.
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