Assessing the Risk, Benefit, Impact and Value of Digital Curation
The 4C project submitted D4.4, its ‘Report on Risk, Benefit, Impact and Value’ deliverable to the European Commission this week.
“Risk can be defined as the ‘effect of uncertainty on objectives,’” explains lead author of the report José Borbinha of INESC-ID in Portugal. “With this in mind, and assuming that dealing with uncertainty is one of the important concerns of a digital curation stakeholder, the hypothesis that the body of knowledge on Risk Management can be valuable to the domain of digital curation is quite reasonable.”
The report proposes a pragmatic method for estimating costs of digital curation in two different scenarios: a ‘Current’ scenario, where the costs of controls already exist in the repository as a means to reduce the impact of the consequence of a risk/threat, change the likelihood of an event, or reduce the exposure to a vulnerability; and a ‘Future’ scenario, where the costs of controls do not yet exist, but where repository managers are able to consider alternative scenarios of repository governance.
“Risk Management involves establishing an appropriate infrastructure and organisational culture that allows for the application of a logical and systematic method of establishing the context,” José continues, “identifying; analysing; evaluating; treating; monitoring; and communicating risks associated with any activity, function, or process in a way that will enable organisations to minimize losses and maximise gains.”
The report, plus its accompanying Business Model Canvas, a risk registry for digital curation and a set of case studies will be integrated into the Curation Costs Exchange (CCEx) platform byt the end of the project.
Read D4.4—Report on Risk, Benefit, Impact and Value in the Community Resources section of the 4C website now.