Over the past 25 years, preventive conservation has increasingly employed risk management techniques to guide decisions on resource allocation within collection management. Risk management focuses on reducing loss of value to collections. This paper introduces the concept of developing value as an equal choice in collection management, thus allowing collection management decisions to be made amongst a broader set of stakeholders bearing the potential for better buy-in for resource allocation. The concept of value assessment has been used to develop a framework for increasing such values. Within the framework, a number of "development types" typically found in heritage collections are described. Once identified options for developing value can be considered, weighed up against options for reducing value loss, and decided upon. Thus turning collection management into value management. This approach allows informed decision making and thus effective use of resources in an institution wide context.
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