How can you manage benefits realization dependencies with your partners?

1 Define the benefits and dependencies

The first step in managing benefits realization dependencies with your partners is to clearly define the benefits that each partner is expected to deliver, and how they align with the overall program objectives and benefits. You should also identify the dependencies that exist between the partners, such as inputs, outputs, resources, timelines, risks, and assumptions. You can use tools such as a benefits dependency map or a benefits realization plan to document and visualize the benefits and dependencies.

2 Communicate and collaborate

The second step in managing benefits realization dependencies with your partners is to establish regular and effective communication and collaboration channels. You should communicate the benefits and dependencies to all the partners, and ensure that they understand their roles and responsibilities. You should also create a culture of trust and transparency, and encourage feedback and suggestions from the partners. You can use tools such as a communication plan, a stakeholder register, or a collaboration platform to facilitate communication and collaboration.

3 Monitor and control

The third step in managing benefits realization dependencies with your partners is to monitor and control the progress and performance of the partners, and the impact of the dependencies on the benefits realization. You should track and measure the delivery of the benefits by the partners, and compare them with the planned benefits and baselines. You should also identify and manage any issues, changes, or risks that arise from the dependencies, and take corrective or preventive actions as needed. You can use tools such as a benefits dashboard, a benefits register, or a risk register to monitor and control the benefits realization dependencies.

4 Review and evaluate

The fourth step in managing benefits realization dependencies with your partners is to review and evaluate the results and outcomes of the benefits realization, and the effectiveness of the dependency management. You should collect and analyze data and feedback from the partners, and assess the achievement of the benefits and the satisfaction of the stakeholders. You should also identify and document the lessons learned, best practices, and opportunities for improvement from the dependency management. You can use tools such as a benefits review, a benefits report, or a lessons learned log to review and evaluate the benefits realization dependencies.

5 Recognize and reward

The fifth step in managing benefits realization dependencies with your partners is to recognize and reward the contributions and achievements of the partners, and celebrate the success of the benefits realization. You should acknowledge and appreciate the efforts and performance of the partners, and provide them with positive feedback and recognition. You should also share and celebrate the results and outcomes of the benefits realization, and highlight the value and impact of the program. You can use tools such as a recognition plan, a recognition letter, or a celebration event to recognize and reward the partners.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?