Toward Developing a Framework of Cost Elements for Preserving Authentic Electronic Records into Perpetuity

The financial challenges of the processes involved in preserving electronic records into perpetuity are significant. Financial management tools will support the decision-making processes in which archives and libraries engage when preserving electronic records. Applying business concepts, in combination with archival precepts and collection management principles, to the challenge of preserving electronic records will assist institutions such as archives and libraries in making decisions that will support their mission statements and act in the best interests of their users. This article proposes that a cost model specific to preserving authentic electronic records be developed.