A system and method for determining business partner value by creating weighted metrics for identifying, evaluating and selecting a business partner for a company; creating a business agreement and weighted metrics for evaluating the agreement; creating weighted metrics for ongoing management of the partner; and managing the partner by ongoing periodic evaluation of the weighted metrics for partner selection, agreement, and management. Both company and partners may participate in the evaluation on an ongoing basis (e.g., once per month or once per quarter) rather than an annual review. In one embodiment, weighted metrics of partner selection, agreement, and management are reported, charted and graphed providing for visual evaluation and side-by-side comparison of the perceptions of company and partner for optimization of the business relationship and prediction of future performance.