Introduction to the Collections Trust's 'Investors in Collections' a new development tool and award for museums recognizing excellence in Collections Management practice.

1. Investors in Collections
Introduction & Overview
December 2014
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2. Investors in Collections
A museum development tool
administered by the
Collections Trust on behalf of
the international cultural
heritage community

3. Summary
• Investors in Collections is a development tool and validation service
which allows museums and other collections-holding organisations to
demonstrate their commitment to delivering public value and Investors in
Collections Management
• Investors in Collections consists of 4 elements:
– Initial organisational review
– Recommendations report
– Review and assessment
– Awarding of the ‘Investors in Collections’ marque
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4. Benefits
• The Investors in Collections process delivers a range of benefits for
participating organisations:
• Recognising achievement over and above Museum Accreditation
• Supporting planning, advocacy & strategic investment
• Demonstrating commitment to best practice
• Delivering efficiencies and reducing costs
• Maximising use of and engagement with Collections
• Future-proofing the museum
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5. Long-term impact
• Investors in Collections isn’t a short-term win. It helps museums ensure
that the collections in their care are accessible and cared for so that they
can be enjoyed long into the future.
• Long-term impacts for your cultural heritage organisation include:
– Organisational health
– Improved visitor services
– Greater professional recognition
– Profile & credibility with funders
– A culture of continuous improvement
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6. Aligned to Museum Accreditation
• Investors in Collections is compatible with the requirements of the UK
Museums Accreditation Standard and American Alliance of Museums
Continuum of Excellence
• Investors in Collections supports requirements relating to :
– Organisational health
– Collections
– Visitor services
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7. ‘Investors in Collections’ Award
• Museums achieving Investors in Collections status are awarded the
Investors in Collections marque, which can be used:
– To highlight the museum’s commitment to best practice and
standards in Collections Management
– In funding proposals, annual reports and other promotional material
– To raise professional awareness of the museum’s leadership in the
field of Collections Management
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8. Core Model

9. CONTINUOUS
IMPROVEMENT
Detailed Model

10. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW

11. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW

12. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION

13. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES

14. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
RESOURCES
MISSION
COMPETENCIES

15. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
RESOURCES

16. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
RESOURCES

17. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
RESOURCES

18. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
RESOURCES

19. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
TECHNICAL
RESOURCES

20. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
TECHNICAL
TOOLKITS
METHODOLOGIES
RESOURCES

21. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
TECHNICAL
TOOLKITS
METHODOLOGIES
LEADERSHIP
RESOURCES

22. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
TECHNICAL
TOOLKITS
METHODOLOGIES
LEADERSHIP
ORGANISATIONAL CULTURE
RESOURCES

23. CONTINUOUS
IMPROVEMENT
PLAN
DO
REVIEW
MISSION
COMPETENCIES
SKILLS & CPD
STANDARDS
ETHICS
LEGAL
TECHNICAL
TOOLKITS
METHODOLOGIES
ORGANISATIONAL CULTURE
LEADERSHIP
EVALUATION & METRICS
RESOURCES
CASE STUDIES

24. Components
• Investors in Collections is structured around the following standards and
frameworks:
– SPECTRUM: The UK & International Collections Management
Standard published by the Collections Trust and trusted by over
23,000 museums in 40 countries;
– BSI PAS 197 Code of Practice for Cultural Collections Management
– The Collections Management Competency Framework
– The Collections Management KPI Framework INVESTORS
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25. How it works
• Investors in Collections is based on straightforward process of review,
development, assessment and award. Re-validation takes place every 3 years
• Step 1: Download the Investors in Collections materials
• Step 2: Apply for Investors in Collections validation
• Step 3: Onsite review and assessment
• Step 4: Recommendations and development support
• Step 5: Final review and assessment
• Step 6: Award and recognition of Investors in Collections status INVESTORS
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26. Pricing
• Investors in Collections resources, toolkits and self-assessment questionnaire
are provided free of charge
• Validation and support are available to members on a tiered basis:
BAND ANNUAL MEMBERSHIP (plus VAT)
Application fee £400
Tier 1: Turnover £2m plus per annum £5,000
Tier 2: Turnover £501k - £2m per annum £3,500
Tier 3: Turnover £500k or less £1,500
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27. Talk to us today
• Investors in Collections is administered by the Collections Trust on behalf of
the international cultural heritage community.
• To find out what Investors in Collections can do for your museum or heritage
organisation, talk to us today on +44 (0)208 541 4914 or email
nick@collectionstrust.org.uk.
• Visit www.collectionstrust.org.uk/investors to find out more
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