Collaboration in dynamic networks enables in particular small and medium-sized enterprises (SMEs) to combine own resources and competences with complementary services of partners in order to improve competitiveness and to distribute risks. However, for the organization of setting up, efficiently operating and eventually also dissolving such networks, SMEs often lack necessary capabilities and human resources. Within this article, a methodology for network management is presented which comprises SME-suitable and easily applicable methods that significantly support efficient network management. The success of the methodology is illustrated with an example from the networked development of an innovative motorcycle helmet.