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The server is probably not started. ----------------------------Original message---------------------------- Forwarded from the NINCH list. >>> NINCH-ANNOUNCE <[log in to unmask]> 04/10/00 06:32pm >>> NINCH ANNOUNCEMENT News on Networking Cultural Heritage Resources from across the Community April 10, 2000 New Report from Council on Library and Information Resources on Risk-Assessment Model for Managing Cultural Assets "Managing Cultural Assets from a Business Perspective" >Subject: CLIR Press Release >Date: Mon, 10 Apr 00 15:47:28 -0700 >From: Kathlin Smith <[log in to unmask]> >To: "David Green" <[log in to unmask]> Report Describes Risk-Assessment Model for Managing Cultural Assets Washington, D.C.-The Council on Library and Information Resources (CLIR), in cooperation with the Library of Congress (LC), has published Managing Cultural Assets from a Business Perspective, by Laura Price, of KPMG LLP, and Abby Smith, of CLIR. The report describes how LC developed and implemented a plan for greater accountability over its collections. Libraries acquire their collections to meet the needs of their present and future users. The collections, and the services that make them accessible, are essential to fulfilling the library's mission. Most libraries have focused more on the costs of acquiring and maintaining collections than on their potential as assets that are vital to institutional productivity. This report presents a model for the management of library and archival collections that defines collections as core assets and seeks to make them maximally productive while controlling risks to their integrity. The model is not based on the monetary value of library holdings. Instead, it focuses on business risk and proposes a framework of controls to minimize the risks that threaten the viability of those assets. It is not always evident which investments in collection development, preservation, and security will best serve the collections at a given time. With this model, managers can identify priorities for institutional investments in collections and make more compelling budget justifications for necessary resources, because the relationship between the library's assets and its mission work is made explicit to financial decision makers. The fact that the language of this model comes from business, and accounting in particular, is indicative of the new environment in which all cultural institutions find themselves-one in which business increasingly sets standards for operations and accountability. To obtain the necessary resources for mission work, library managers must be able to express and justify their needs in terms familiar to financial officers and funding organizations-in terms of business risk. The risk-assessment methodology described in the report has its origins in the efforts of the Library of Congress to better manage its finances and strengthen its core business. Developed to be used in a working national library, the methodology is now an integral part of LC's annual audit. However, the fundamental problems that Library staff faced as they developed the first-ever model to "account" for the well-being of heritage assets are the same as those facing any library-public, private, multimedia, or single-format. The report was developed with the cooperation of the Library of Congress through a partnership between the Council on Library and Information Resources and KPMG LLP, an international audit and business advisory firm. The Public Services-Assurance Practice of KPMG LLP developed the business risk model for the Library of Congress and co-wrote the report with CLIR. Managing Cultural Assets from a Business Perspective is available from the Council on Library and Information Resources for $15 prepaid, including postage and handling. Checks should be made payable to CLIR and mailed to CLIR Publication Orders, 1755 Massachusetts Avenue, NW, Suite 500, Washington, D.C., 20036-2124. Credit card orders may be placed by calling CLIR at 202-939-4750, sending a fax to 202-939-4765, or sending e-mail to mailto:[log in to unmask] The full text is also available on CLIR's Web site, http://www.clir.org. The Council on Library and Information Resources works in partnership with libraries, archives, and other information providers to advocate collaborative approaches to preserving the nation's intellectual heritage and strengthening the many components of its information system. It works to support institutions as they integrate audiovisual and digital resources and services into their well-established, print-based environments. ==========================================================NINCH-Announce is an a Initiative for a Networked Cultural Heritage (NINCH). The subjects of announcements are not the projects of NINCH, unless otherwise noted; neither does NINCH necessarily endorse the subjects of announcements. We attempt to credit all re-distributed news and announcements and appreciate reciprocal credit. For questions, comments or requests to un-subscribe, contact the editor: ========================================================== See and search back issues of NINCH-ANNOUNCE at . ========================================================== __________________________________________________________________ Mail submissions to [log in to unmask] Administrative matters (file requests, subscription requests, etc) to [log in to unmask] ARLIS-L Archives and subscription maintenance: http://lsv.uky.edu/archives/arlis-l.html Questions may be addressed to list owner at: [log in to unmask]