The objective of this strategy is to ensure the preservation of audiovisual content stored on obsolete audio and video formats. Maintaining the status quo and non-implementation of the Audiovisual Migration Strategy will increase risk to that portion of the collection, eventually dooming that content to inaccessibility. Ultimately, LAC will risk not being able to fulfill its mandated responsibility to safeguard the documentary heritage of Canada.10
LAC's Initial Corporate Risk Profile (July, 2007) identified 8 key risks that could potentially have a major impact on achieving the institution's strategic objectives. The issues addressed by this strategy can be mapped to 4 of the 8 key risks.
Key Risk Number 3: Preservation of digital and analog documentary heritage. The risk, for LAC, of not being able to assume all of its responsibilities in terms of the preservation and access to documentary heritage in electronic and analog format, due to lack of the appropriate financial, human and technological resources, or a lack of trustworthy partners.
Key Risk Number 4: Long-term accommodation and technological infrastructure. The risk, for LAC, of not being able to assume all of its long-term responsibilities in terms of the preservation and access to documentary heritage under its care, due to a lack of appropriate material and technological infrastructure.
Key Risk Number 6: Financial sustainability. The risk, for LAC, of a lack of resources or budget to ensure its core activities or the establishment of the necessary conditions to meet its growing obligations.
Key Risk Number 7: Availability and competency of human resources. The risk, for LAC, of not being up to ensuring the transition of its institutional knowledge to its new generations of employees or not being able to recruit or renew its human capital with staff that have the appropriate knowledge and skills.
The 8 corporate key risks were assessed and plotted on a matrix, illustrated below, to indicate their likelihood of occurrence and their impact on business. All of the key risks associated with audiovisual migration are situated in the red zone which indicates management effort is required and essential to enact measures to mitigate risks to a tolerable level.
KR #3: Preservation of digital documentary heritage (Loss of access to the AV Collection)
KR #4: Long-term accommodation and technological infrastructure (Lack of Technological Infrastructure)
KR #6: Financial sustainability (Lack of resources for implementation)
KR #7: Availability and competency of human resources (Expertise deficiency)
Mitigation of the risks associated with migrating a collection of audio and video documentary heritage, as outlined in this strategy and in the action plan, will rely on:
10 LAC's mandate is elaborated in the Library and Archives of Canada Act (http://lois.justice.gc.ca/en/showtdm/cs/L-7.7//20091014).