VIVA: Value Metric Project
Design and apply a framework for the coherent and holistic evaluation of VIVA products. The task force will determine what the highest collection development priorities are for the consortium and examine how these can be translated into quantifiable values. Potential factors to consider include relevance to programs, cost avoidance/list price discount, and usage. Usage factors may be further delineated to include total usage, usage by institution type, ratio of usage by top institution(s), and cost per use. The end result will be an assessment framework and value metric system for the evaluation of shared resources that are reflective of VIVA’s overarching values.
In the 2014-2016 biennium, VIVA received a 5% cut in funding to its budget. This necessitated a close review and cancellation of several key products. During this review it became clear that the consortium needed a standardized evaluation criteria to apply when reviewing its resources. Because subscriptions include annual price increases, even if VIVA receives no new cuts, the consortium must always be closely considering which resources it will be able to continue. Critical to this process will be the ability to evaluate and clearly articulate the value of VIVA’s shared research resources.
Regardless of which strategies are employed to measure the perceived value of content, grounded assessment must begin with establishing the priorities and goals of the institution and its users. There is an added layer of complexity in determining value at the consortial level with its wide range of institution types. All of VIVA’s member institutions, for example, are part of the higher education ecosystem within Virginia, but they include both public and private institutions and range from large doctoral research institutions to small two-year community colleges to specialized medical, law, and other institutions. How these institutions perceive the value of a particular resource to their users will naturally be different.
The shared resources to be evaluated are themselves diverse in both format and in access models. Formats range from e-books, journals, databases, to streaming media, and access and acquisition models vary, including content that is leased, collaboratively-owned, demand-driven, open-access, and evidence based.
In order to create a system that could be used to compare the relative value of its shared resources, while prioritizing the highest collection development priorities for the consortium, and accounting for the diversity of materials and models, VIVA’s Collections Committee has formed a Value Metric Task Force.
Task Force Members
Genya O'Gara, Chair
Virtual Library of Virginia
University of Virginia
James Madison University
University of Mary Washington
George Mason University
Washington & Lee University
Piedmont Virginia Community College
Virtual Library of Virginia