The Institute of Museum and Library Services has awarded a grant that will test and implement methodologies measuring the return on investment (ROI) in academic libraries. The goals are to provide evidence and a set of tested methodologies that academic libraries will be able to use in demonstrating their value. The University of Tenessee, Knoxville will be conducting this study in collaboration with the University of Illinois at Urbana-Champaign and the Association of Research Libraries. Dr. Carol Tenopir, professor in the School of Information Sciences, is the project’s lead investigator. This news item from the UT Knoxville’s Tennessee Today provides more details: “UT Shares in Grant to Study Value of Academic Libraries.”
In a complementary project, the Association of College and Research Libraries has selected Dr. Megan Oakleaf to conduct a review of the “quantitative and qualitative literature, methodologies and best practices currently in place for demonstrating the value of academic libraries.” The Association plans to issue a completed report later this year.