Purpose: The purpose of this paper is to identify the main elements of collection and collection management policy of Information Center & Central Library of Ferdowsi University of Mashhad.Methodology: This study was an applied research study done through a survey analysis. The population of this study comprised of a representative group of managers, experts, and librarians. The data collection instrument was a questionnaire with 12 parts and 58 items on a five point Likert Scale. Its validity was confirmed by collection management experts and its reliability was calculated through Cronbach’s alpha (a=0.93). For the analysis of the data with regards to descriptive and inferential statistics, the SPSS software version 21was used.Findings: The findings showed that 12 components are required: 1.Philosophy and Goals, 2. Definitions, 3. Selecting or deselecting the resources, 4. The Users’ issues, 5. Providing and Acquisition, 6. Access issues, 7.Digitization, 8. Budget and Finance, 9. Preservation, 10. Weeding, 11. Executive Management, 12. Implementation and Review. From the perspective of the research community, 9 components (p>0.05) were accepted and only 3 components, Philosophy and Goals, Selecting or deselecting the resources and Weeding were significantly different. These 3 components in the focus group were examined and confirmed by experts. Thus, a collection management policy model with 12 components and details was proposed for Information Center & Central Library of Ferdowsi University of Mashhad.