Calculating the Return on Investment (ROI) for Library Consortia |
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| Authors: | George Machovec |
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| Institution: | Executive Director, Colorado Alliance of Research Libraries, Denver, CO, USA |
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| Abstract: | This column focuses on formal collaboration and networking among libraries through consortia. It offers in-depth examinations of issues facing modern library consortia including (but not limited to) e-resource licensing, ebooks, next generation integrated library systems, shared print archiving, shared digital repositories, governance and other relevant topics. Contributions are accepted for this column and must be submitted to George Machovec (george@coalliance.org). Contact the column editor for suggested topics, deadlines and formatting. Library consortia are under increasing scrutiny regarding their value to member libraries. Most consortia offer a suite of services which can be valued either quantitatively or qualitatively to determine a return on investment for money and time put into consortial activities. Various common consortial activities are discussed with thoughts regarding their value to local libraries. Recommendations and suggestions are provided on how to perform a Cost Benefit Analysis (CBA)/Return on Investment (ROI). |
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| Keywords: | Return on Investment (ROI) Cost Benefit Analysis (CBA) library consortia value proposition |
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