Measuring Intangible Assets: Assessing the Impact of Knowledge Management in the S&T Fight against Terrorism

Abstract

At present, there are no standards for assessing the value of intangible assets or intellectual capital. Historically, a number of frameworks have evolved, each with a different focus and a different assessment methodology. In order to assess that knowledge management initiatives contributed to the fight against terrorism in Canada, a results-based framework was selected, customized and applied to CRTI (a networked science and technology program to counter terrorism threats). This chapter describes the step by step process of how the results-based framework was applied to measure the value contributed by knowledge-based assets. A combination of qualitative, quantitative and anecdotal assessment techniques was used and a map was employed to visualize the evaluation results. The strengths and weaknesses of this particular approach are discussed and specific examples from CRTI are presented to illustrate how other organizations can use this method to assess the value-added to innovation and research and development using a results-based framework.