LIFE3: A Predictive Costing Tool For Digital Collections.

Predicting the costs of long-term digital preservation is a crucial yet complex task for even the largest repositories and institutions. For smaller projects and individual researchers faced with preservation requirements, the problem is even more overwhelming, as they lack the accumulated experience of the former. Yet being able to estimate future preservation costs is vital to answering a range of important questions for each. The LIFE (Life Cycle Information for E-Literature) project, which has just completed its third phase, helps institutions and researchers address these concerns, reducing the financial and preservation risks, and allowing decision makers to assess a range of options in order to achieve effective preservation while operating within financial restraints. The project is a collaboration between University College London (UCL), The British Library and the Humanities Advanced Technology and Information Institute (HATII) at the University of Glasgow. Funding has been supplied in the UK by the Joint Information Systems Committee (JISC) and the Research Information Network (RIN).